Prepare a 2015 balance sheet for Cornell Corp. based on the following information: cash = $139,000; patents and copyrights = $630,000; accounts payable = $217,500; accounts receivable = $112,500; tangible net fixed assets = $1,650,000; inventory = $299,000; notes payable = $160,000; accumulated retained earnings = $1,254,000; long-term debt = $857,000. (Be sure to list the accounts in order of their liquidity. Do not round intermediate calculations.)

CORNELL COP. Balance Sheet
Assets
Cash	$
Accounts receivable	$
Inventory	$
Current assets	$
Tangible net fixed assets	$
Intangible net fixed assets	$
Total assets	$
Liabilities
Accounts payable	$
Notes payable	$
Current liabilities	$
Long-term debt	$
Total liabilities	$
Common stock	$
Accumulated retained earnings	$
Total liabilities & owners' equity	$