Balance sheet how would i do this?

[sayre]

17. Prepare a balance sheet for Tim’s Confectionary Inc. based on the following information:
Cash = $175,000; patents and copyrights = $720,000; accounts payable = $430,000; accounts
receivable = $140,000; tangible net fixed assets = $2,900,000; inventory = $265,000; notes
payable = $180,000; accumulated retained earnings = $1,240,000; long-term debt =
$1,430,000. What is the value of common shares (contributed capital)? (4 Marks

[yehudi]

Assets = Liabilities + Equity
Common Stock (contributed capital) is a part of equity.

Assets
Cash $175,000
accounts receivable $140,000
inventory $265,000
tangible net fixed assets $2,900,000
patents and copyrights $720,000
Total Assets $4,200,000

Liabilities
accounts payable $430,000
notes payable $180,000
long-term debt $1,430,000
Total Liabilities $2,040,000

Stockholders' Equity
accumulated retained earnings $1,240,000

Liabilities and Stockholders' Equity = 3,280,000

Since
Assets = Liabilities = Equity
Common shares must equal 4,200,000 - 3,280,000 = $920,000 in order to balance the equation.