Prepare a 2016 balance sheet for McSort Inc. based on the following information: Cash = $250,000; Patents and copyrights = $640,000; Accounts payable = $390,000; Accounts receivable = $129,000; Tangible net fixed assets = $3,000,000; Inventory = $215,000; Notes payable = $180,000; Accumulated retained earnings = $1,325,000; Long-term debt = $1,430,000. What is the common stock account balance for the company?

multiple choice

• $1,109,000

• $709,000

• $909,000

• $1,269,000

• $1,431,000