Roscoe Company was incorporated as a new business on January 1, 2013. The company is authorized to issue 20,000 shares of $5 par value common stock and 10,000 shares of 6%, $10 par value, cumulative, preferred stock. The company actually issued 8,000 shares of common stock for $15 per share and 2,000 shares of preferred stock for $30 per share. Net income for the year ended December 31, 2013, was $375,000.

The total amount of contributed capital at December 31, 2013, is

	a.	$60,000.
	b.	$120,000.
	c.	$180,000.
	d.	$555,000.
	e.	none of the above