Prepare a 2016 balance sheet for McSort Inc. based on the following information: Cash = $290,000; Patents and copyrights = $820,000; Accounts payable = $450,000; Accounts receivable = $129,000; Tangible net fixed assets = $3,500,000; Inventory = $205,000; Notes payable = $170,000; Accumulated retained earnings = $1,275,000; Long-term debt = $1,930,000. What is the common stock account balance for the company?

Multiple Choice

$1,119,000

$1,374,000

$1,761,000

$864,000

$1,459,000