On January 1, 2020, Masters, Inc., grants a compensatory share option plan to 15 of its executives. The plan allows each executive to buy 1,000 shares of its $1 par common stock at $30 per share after a three-year service period. At January 1, 2020, the value of each option is estimated to be $9. The company also estimates it will have an annual 3% employee turnover rate during the service period. 

How much has contributed capital increased as of the beginning of 2023?