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8. Carey Corporation has 50,000 shares of common stock authorized. The following transactions took place during its first year of operations. Sold 5,000 shares of

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8. Carey Corporation has 50,000 shares of common stock authorized. The following transactions took place during its first year of operations. Sold 5,000 shares of common stock for S18 each. Issued 5,000 shares of common stock in exchange for a patent valued at $100,000. At the end of Carey's first year, total contributed capital is a. $40,000 b. $190,000 c. $90,000 d. $100,000

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