Question: Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $330,000; Patents and copyrights = $820,000; Accounts payable = $440,000;
Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $330,000; Patents and copyrights = $820,000; Accounts payable = $440,000; Accounts receivable $129,000; Tangible net fixed assets = $3,200,000; Inventory = $305,000; Notes payable $170,000; Accumulated retained earnings = $1,265,000; Long-term debt $1,930,000. What is the common stock account balance for the company? =
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