Contributed capital will be $37,400
Total assets = $86,000
Total liabilities = $33,000
Retained earnings credit balance = $15,600
The contributed capital will be calculated based on the accounting equation;
Assets = Liabilities + Owner′s Equity
Assets= Liabilities + Retained earnings + contributed capital
86,000 = 33,000 + 15,600 + Contributed capital
Contributed capital = 86,000 − 33,000 − 15,600
=$37,400
What is meant by retained earnings?
Retained profits are the sum of a company's profits that are left over after paying all of its direct and indirect costs, income taxes, and dividends to shareholders. This is the portion of the company's equity that could be used, for instance, to pay for new machinery purchases, research & development, and marketing.
What Is Contributed Capital?
Paid-in capital is another name for the money and other assets that shareholders have provided a business in exchange for stock. Contributed capital is the same thing. When a corporation offers equity shares based on a price that shareholders are ready to pay for them, investors make capital contributions.
Learn more about retained earnings: https://brainly.com/question/14529006
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