16. Determine the common stock for Bertinelli Corp. based on the following information: cash = $250,000; patents and copyrights = $720,000; accounts payable = $430,000; accounts receivable = $159,000; tangible net fixed assets = $4,300,000; inventory = $365,000; notes payable = $170,000; accumulated retained earnings = $1,245,000; long-term debt = $1,630,000. Assets Cash Account receivable Inventory Current assets Tangible net fixed assets Intangible net fixed assets Balance Sheet Liabilities $250,000 Account payable 159,000 Note payable 365,000 Current liabilities $774,000 Long-term debt 4,300,000 Total liabilities 720,000 Common stock - Accumulated Retained earning $5,794,000 Total liabilities & owners' equity $430,000 170,000 $600,000 1,630,000 $2,230,000 77 1,245,000 $5,794,000 Total assets Remember: Total liabilities and owners' equity is: TL & OE = CL + LTD + Common stock + Retained earnings