question 27

Prepare a 2016 balance sheet for McSort Inc. based on the following information: Cash = $290,000; Patents and copyrights = $690,000; Accounts payable = $500,000; Accounts receivable = $129,000; Tangible net fixed assets = $3,600,000: Inventory = $255,000; Notes payable = $170,000; Accumulated retained earnings = $1,175,000; Long-term debt = $1,730,000. What is the common stock account balance for the company? Multiple Choice $2,131,000 $1,149,000 $1,389,000 $1629,000 $1729.000 ba FS FE S