Question: Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $260,000; Patents and copyrights = $690,000; Accounts payable = $350,000;

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

Cash = $260,000;

Patents and copyrights = $690,000;

Accounts payable = $350,000;

Accounts receivable = $179,000;

Tangible net fixed assets = $4,300,000;

Inventory = $255,000;

Notes payable = $180,000;

Accumulated retained earnings = $1,365,000;

Long-term debt = $1,530,000.

What is the common stock account balance for the company?

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