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During the year, Erickson's Furniture, Inc. issued 3 , 0 0 0 shares of its $ 0 . 5 0 stated value common stock for

During the year, Erickson's Furniture, Inc. issued 3,000 shares of its $0.50 stated value common stock for $25 per share, and declared and paid cash dividends totaling $0.25 per share.
By what amount does contributed capital increase as a result of these events?
Select one:
a. $75,000
b. $74,250
c. $1,500
d. $44,250
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