Incorrect Question 4 0 / 20 pts Caio Corp. was incoporated as a new business on January 1, 2020. The company issued 1,000 shares of $1 par common stock for $12 per share and 500 shares of $20 par preferred stock for $30 per share. Net income for the year was $400,000, and Caio Corp. paid $20,000 in dividends during 2020. Calculate total contributed capital as of December 31, 2020: 37,000