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Dexter Horton, Inc. had the following balances at the end of 2014: assets, $40,000; liabilities, $20,000; retained earnings, $5,000; dividends, $7,000; and net income, $8,000.

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Dexter Horton, Inc. had the following balances at the end of 2014: assets, $40,000; liabilities, $20,000; retained earnings, $5,000; dividends, $7,000; and net income, $8,000. What is the amount of Dexter Horton, Inc.'s contributed capital at the end of 2014? 4. A. $35,000 B. $20,000 C. $15,000 D. $8,000 E. $7,000

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