Question: Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $410,000; Patents and copyrights = $700,000; Accounts payable = $480,000;

Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $410,000; Patents and copyrights = $700,000; Accounts payable = $480,000; Accounts receivable = $169,000; Tangible net fixed assets = $4,500,000; Inventory = $315,000; Notes payable = $170,000; Accumulated retained earnings = $1,335,000; Long-term debt = $1,830,000. What is the common stock account balance for the company?

rev: 12_20_2018_QC_CS-152108

Multiple Choice

$2,619,000
$2,031,000
$2,527,000
$2,279,000
$2,901,000

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