Caris Bakery, Inc., began operations in October. The owner contributed cash of $14,400 and a delivery truck with fair value of $19,200 to the company.

Which of the following describes how these transactions would affect the companys equity accounts?

A) Increase contributed capital by $33,600

B) Increase earned capital by $33,600

C) Increase contributed capital by $14,400 and earned capital by $19,200

D) Increase earned capital by $14,400 and contributed capital by $19,200

E) None of these are correct.