Question: Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $250,000; Patents and copyrights = $700,000; Accounts payable = $400,000;

Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $250,000; Patents and copyrights = $700,000; Accounts payable = $400,000; Accounts receivable = $139,000; Tangible net fixed assets = $3,900,000; Inventory = $225,000; Notes payable = $190,000; Accumulated retained earnings = $1,215,000; Long-term debt = $1,730,000. What is the common stock account balance for the company?

Multiple Choice

$1,911,000
$1,679,000
$2,059,000
$2,201,000
$1,447,000

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