Question: You are preparing a 2015 balance sheet for Cornell Corp. based on the following information: cash = $147033; patents and copyrights = $631100; accounts payable

You are preparing a 2015 balance sheet for Cornell Corp. based on the following information: cash = $147033; patents and copyrights = $631100; accounts payable = $213918; accounts receivable = $104465; tangible net fixed assets = $1.8 million; inventory = $304024; notes payable = $121069; accumulated retained earnings = $1.3 million; long-term debt = $797069. What must be the amount of Common Stock on this balance sheet?

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