63. Gillespie Company was incorporated as a new business on January 1, 2016. The company is authorized to issue 20,000 shares of $5 par value common stock and 10,000 shares of 6%, $10 par value, cumulative, preferred stock. On January 1, 2016, the company issued 8,000 shares of common stock for $15 per share and 2,000 shares of preferred stock for $30 per share. Net income for 2016 was $375,000. On its December 31, 2016 balance sheet, Gillespie Company will show total contributed (or paid-in) capital of a. $60,000 b. $120,000. $180,000. d. $555,000. e. none of the above