Question: Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $310,000; Patents and copyrights = $770,000; Accounts payable = $350,000;

Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $310,000; Patents and copyrights = $770,000; Accounts payable = $350,000; Accounts receivable = $169,000; Tangible net fixed assets = $4,300,000; Inventory = $215,000; Notes payable = $170,000; Accumulated retained earnings = $1,225,000; Long-term debt = $1,630,000. What is the common stock account balance for the company?

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