Question: Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $140,000; Patents and copyrights = $630,000; Accounts payable = $218,000;

Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $140,000; Patents and copyrights = $630,000; Accounts payable = $218,000; Accounts receivable = $107,500; Tangible net fixed assets = $1,650,000; Inventory = $299,500; Notes payable = $165,000; Accumulated retained earnings = $1,252,000; Long-term debt = $858,000. (Be sure to list the accounts in order of their liquidity. Do not round intermediate calculations.) * Answer is not complete. ROGERS CORP. Assets Cash Balance Sheet Liabilities and Equity 140,000 Accounts payable 107,500 Notes payable 299,500 Current liabilites $ Accounts receivable OOO 218,000 165,000 383,000 Inventory $ Long-term debt Total liabilities 858,000 1,241,000 $ > Tangible net fixed assets Cash 1,650,000 630,000 x Intangible net fixed assets x 1,252,000 X 334,000 X Common stock x Total assets $ 2,827,000 Total liabilities & owners' equity $ 2,827,000
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