Use the Following Information for Questions BERNARD CORP

Use the following information for questions.
Financial statements for Bernard Corp. are presented below: \text{ } \\

$\begin{array}{ll}&&\text{\textbf{ BERNARD CORP. } } \\&&\text{ \textbf{ Statement of Financial Position } } \\&&\text{ \textbf{ January 1, 2020 } } \\\\\text{ \underline{\text{ Assets }} } & &\text{\underline{\text{ Liabilities and Equity }} } & \\\text{ Cash} ......................................... & \$ 160,000 & \text{ Accounts payable } ................................... & \$ 76,000 \\\text{ Accounts receivable } ................& 144,000 & & \\\text{ Buildings and equipment }........ & 600,000 & & \\\text{ Accumulated depreciation} \\\text{ buildings and equipment } ........ & (200,000) & \text{ Common shares }........................................ & 460,000 \\\text{ Patents } ....................................& \underline{\text{ 72,000}} & \text{ Retained earnings } .................................... & \underline{\text{ 240,000}} \\\text{ Total Assets }............................& \underline{\text{ \$776,000 }} & \text{ Total Liabilities } \\ && \&\text{ Shareholders' Equity ....} &\underline{\text{ \$ 776,000}} \\ \end{array}$ BERNARD CORP. Total assets on the December 31, 2020 statement of financial position were $ 1,108,000. Accumulated depreciation on the equipment sold was $ 56,000.
-The balance in the Common Shares account at December 31, 2020 was

A) $ 260,000.
B) $ 400,000.
C) $ 460,000.
D) $ 620,000.