a)Coleman Inc. reports total assets and total liabilities of $225/000 and $100/000,

respectively, at the conclusion of its first year of business. The company earned $75,000

during the first year and distributed $30/000 in dividends. What was the firm's

contributed capital?

A. $125,000

B. $95/000

C. $80,000

D. $50,000

Answer is C. Need someone to explain how this came about? Is there aformula for contributed capital?

b)And also how is it that sales commission paid to the company salespeople is a non-current liability and not a current liability?