Question: Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $131,000; Patents and copyrights = $630,000; Accounts payable = $212,000;

Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $131,000; Patents and copyrights = $630,000; Accounts payable = $212,000; Accounts receivable = $107,500; Tangible net fixed assets = $1,630,000; Inventory $295,000; Notes payable $180,000; Accumulated retained earnings = $1,270,000; Long-term debt = $849,000. (Be sure to list the accounts in order of their liquidity. Do not round intermediate calculations.) 24 ROGERS CORP. Balance Sheet Assets Liabilities and Equity Current liabilites 145-03 Book Total liabilities Total assets Total liabilities & owners' equity

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