Question: Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $138,000; Patents and copyrights = $630,000; Accounts payable = $216,500;

 Prepare a 2018 balance sheet for Rogers Corp. based on the

Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $138,000; Patents and copyrights = $630,000; Accounts payable = $216,500; Accounts receivable = $160,000: Tangible net fixed assets = $1.645,000; Inventory = $298,500; Notes payable - $155.000; Accumulated retained earnings - $1.256,000: Long-term debt = $856,000. (Be sure to list the accounts in order of their liquidity. Do not round Intermediate calculations.) ROGERS CORP Assets Cash Accounts receivable Inventory Balance Sheet Liabilities and Equity 138,000 Accounts payable S 160,000 Notes payable 298,500 Current liabilites S OO 216,500 155,000 80,000 % > IS 856,000 Long term debt Total liabilities $ Tangible net fixed assets Intangible net fixed assets 1,645,000 630,000 Common stock Accumulated retained earnings 308,000 $ 1 256,000 $ 2,871,500 Total assots S Total liabilities & owners' equity 2,871,500

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