The corporation is in a strong financial position since its assets exceed its obligations.
To find the balance sheet for Cornell Corp. for 2015:
Amount
Assets
Cash $134,000
Patents and Copyrights $670,000
Accounts Receivable $105,000
Tangible Net Fixed Assets $1,730,000
Inventory $293,000
Total Assets $2,932,000
Liabilities
Accounts Payable $210,000
Notes Payable $160,000
Long-Term Debt $845,000
Total Liabilities $1,215,000
Equity
Accumulated Retained Earnings $1,453,000
Total Equity $1,453,000
Total Liabilities and Equity $2,668,000
As you can see, Cornell Corp. has $1,453,000 in total equity, $1,215,000 in total liabilities, and $2,932,000 in total assets.