Assume WCP Corporation's acticles of incorporation authorize issuance of $11,000$ preferred shares with an annual dividend of $$15$ per share and an unlimited number of common shares. On July $31,$ the company issued $1,000$ preferred shares at a stated price of $$115\mathrm{.}00$ per share and $1,700$ common shares at $$45$ per share.

a$.$ Joumalize the initial issuance of the shares

b$.$ Calculate total contibuted capital and total shareholders equity, assuming retained earnings is now $$45000$