Question: Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $133,000; Patents and copyrights = $630,000; Accounts payable = $213,500;

Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $133,000; Patents and copyrights = $630,000; Accounts payable = $213,500; Accounts receivable = $127,500; Tangible net fixed assets = $1,635,000; Inventory = $296,000; Notes payable = $190,000; Accumulated retained earnings = $1,266,000; Long-term debt = $851,000.

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