Question: Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash $360,000; Patents and copyrights $660,000; Accounts payable $450,000; Accounts receivable =
Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash $360,000; Patents and copyrights $660,000; Accounts payable $450,000; Accounts receivable = $159,000; Tangible net fixed assets $3,500,000; Inventory = $265,000; Notes payable = $170,000; Accumulated retained earnings $1,345,000; Long-term debt = $1,730,000. What is the common stock account balance for the company
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