Costco is the third largest retail company in the United States with sales of nearly $90 billion. The companys balance sheet on August 28, 2011, had total assets of $26,271 million and stockholders equity of $12,002 million

1. Compute Costcos total liabilities on August 28, 2011.

2. As of August 28, 2011, Costco had issued 434,266,000 shares of common stock with a par value of $.005 per share. Compute the balance in the account, Common Stock, Par Value on Costcos balance sheet