Mendes Charters reported the following information at December 31, 2017:

Preferred stock, $100 par, 500 shares authorized, and outstanding; cumulative; nonparticipating; callable at par value	$ 50,000
Common stock, $12 par, 50,000 shares authorized and outstanding	600,000
Additional paid-in capitalcommon	25,000
Retained earnings	825,000

Mendes' total contributed capital is

a.$1,500,000.

b.$675,000.

c.$625,000.

d.$650,000.