Prepare a 2015 balance sheet for Cornell Corp. based on the following information: cash = $136,000; patents and copyrights = $630,000; accounts payable = $215,000; accounts receivable = $105,000; tangible net fixed assets = $1,640,000; inventory = $297,500; notes payable = $145,000; accumulated retained earnings = $1,260,000; long-term debt = $854,000. (Be sure to list the accounts in order of their liquidity. Do not round intermediate calculations.)

CORNELL COP. Balance Sheet
Assets
(Click to select)Accounts payableAccounts receivableInventoryCashNotes payable	$
(Click to select)Intangible net fixed assetsAccounts receivableAccounts payableNotes payableTangible net fixed assets
(Click to select)Common stockAccounts payableCashAccounts receivableInventory
Current assets	$
(Click to select)Intangible net fixed assetsAccounts receivableInventoryTangible net fixed assetsAccounts payable
(Click to select)Accumulated retained earningsNotes receivableIntangible net fixed assetsTangible net fixed assetsCommon stock
Total assets	$
Liabilities
(Click to select)Accounts payableAccumulated retained earningsNotes payableLong-term debtAccounts receivable	$
(Click to select)Long-term debtAccumulated retained earningsNotes receivableNotes payableCommon stock
Current liabilities	$
(Click to select)InventoryCashLong-term debtAccounts receivableAccounts payable
Total liabilities	$
(Click to select)Accounts payableNotes payableCommon stockNotes receivableAccounts receivable
(Click to select)Common stockNotes payableCashAccounts payableAccumulated retained earnings
Total liabilities & owners' equity	$