Prepare a 2015 balance sheet for Cornell Corp. based on the following information: cash = $134,000; patents and copyrights = $630,000; accounts payable = $214,000; accounts receivable = $157,500; tangible net fixed assets = $1,635,000; inventory = $296,500; notes payable = $135,000; accumulated retained earnings = $1,264,000; long-term debt = $852,000. (Be sure to list the accounts in order of their liquidity. Do not round intermediate calculations.)

CORNELL COP. Balance Sheet
Assets
(Click to select)CashAccounts payableAccounts receivableNotes payableInventory	$
(Click to select)Tangible net fixed assetsAccounts receivableIntangible net fixed assetsAccounts payableNotes payable
(Click to select)Accounts receivableInventoryCashCommon stockAccounts payable
Current assets	$
(Click to select)Intangible net fixed assetsTangible net fixed assetsAccounts receivableAccounts payableInventory
(Click to select)Intangible net fixed assetsTangible net fixed assetsAccumulated retained earningsNotes receivableCommon stock
Total assets	$
Liabilities
(Click to select)Accounts receivableLong-term debtNotes payableAccumulated retained earningsAccounts payable	$
(Click to select)Notes receivableAccumulated retained earningsLong-term debtCommon stockNotes payable
Current liabilities	$
(Click to select)Long-term debtCashAccounts payableAccounts receivableInventory
Total liabilities	$
(Click to select)Notes receivableCommon stockAccounts payableAccounts receivableNotes payable
(Click to select)CashNotes payableCommon stockAccounts payableAccumulated retained earnings
Total liabilities & owners' equity	$