Question: You are preparing a 2015 balance sheet for Cornell Corp. based on the following information: cash = $146298; patents and copyrights = $632924; accounts payable

You are preparing a 2015 balance sheet for Cornell Corp. based on the following information: cash = $146298; patents and copyrights = $632924; accounts payable = $214385; accounts receivable = $140671; tangible net fixed assets = $1.8 million; inventory = $285223; notes payable = $149021; accumulated retained earnings = $1.6 million; long-term debt = $831559. What is the amount of Common Stock on this balance sheet?

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