Question: Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $127,000; Patents and copyrights = $660,000; Accounts payable =

Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $127,000; Patents and copyrights = $660,000; Accounts payable = $210,000; Accounts receivable = $115,000; Tangible net fixed assets = $1,610,000; Inventory $286,00o; Notes payable = $155,000; Accumulated retained earnings = $1,368,000; Long-term debt = $830,000o. (Be sure to list the accounts in order of their liquidity. Do not round intermediate calculations.) %3! ROGERS CORP. Balance Sheet Assets Current assets Total assets Liabilities Current liabilities Total liabilities Total liabilities & owners' equity

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