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Required information At the beginning of 2020 a company had total contributed capital of $480,000 and total retained earnings of $53,000. Total liabilities were $280,000.

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Required information At the beginning of 2020 a company had total contributed capital of $480,000 and total retained earnings of $53,000. Total liabilities were $280,000. During the year 2020, the company had the following transactions: - Issued stock for cash of $78,000. Declared and paid a cash dividend of $33,000. Reported total revenue of $178,000 and total expenses of $99,000. What amount of contributed capital will be reported on the Statement of stockholders' equity at the end of 2020? Multiple Choice $480,000 $707.000 $550,000 $558,000

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