Dough per dessert (oz)	2
Price of dough per oz	$0.35
Cost of dough per dessert (2 oz x $0.35)	$0.70
Cost of labor per dessert	$1.00
Total cost per dessert	$1.70
Sale Price	$4.50
Refregirator	$1,000.00
Refregirator's Life-Span	5
Stock Price	$100.00	$120.50	$153.20
	2011	2012	2013
Dough
Beginning Balance	-	1,500	100
Bought	1,500	-	1,400
Used	-	1,400	-
Left (Ending Balance)	1,500	100	1,500
Desserts
Beginning Balance	-	-	20
Produced	-	700
Sold	-	680
Cash		650
Credit		30	-
Left (Ending Balance)	-	20	20
RutgersFriends Corp.: Balance Sheet
	2011/12/31	2012/12/31	2013/12/31
ASSETS
Cash and cash equivalents	$1,685	$2,602
Receivables	$0	$135
Inventories	$525	$69	$0
Finished goods	$0	$34
Raw Materials	$525	$35
Total current assets	$2,210	$2,806	$0
Property, plant and equipment	$1,000	$1,000
Accumulated Depreciation	$0	$200
Fixed Assets, net	$1,000	$800	$0
TOTAL ASSETS	$3,210	$3,606	$0
LIABILITIES
Accounts payable	$210	$307
Total current liabilities	$210	$307	$0
Long-term debt	$0	$0
Total liabilities	$210	$307	$0
SHAREHOLDERS' EQUITY
Class A common stock, $100 par value (30 shares)	$3,000	$3,000
Earnings reinvested in the business	$0	$298
Total shareholders' equity	$3,000	$3,298	$0
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$3,210	$3,606	$0
RutgersFriends Corp.: Income Statement
		2012/12/31	2013/12/31
Net revenues		$3,060
Cost of sales		$1,156
Depreciation		$200
Gross profit		$1,704	$0
Marketing, administration and research costs		$800
Operating income (EBIT)		$904	$0
Interest and other debt expense, net		$0
Earnings from continuing operations before		$904	$0
income taxes
Income taxes (34%)		$307
Net Income		$597	$0
Dividends paid		$298
Retained Earnings		$298	$0
Current Assets (excluding cash)	$525	$204	$0
Change in Current Assets (excluding cash)		($321)	($204)
Current Liabilities	$210	$307	$0
Change in Current Liabilities		$97	($307)
Net Working Capital (NWC)	$315	($103)	$0
Change in NWC		($418)	$103
RutgersFriends Corp.: Statement of Cash Flow
CASH FLOW FROM OPERATING ACTIVITIES
Net Income		$597	$0
Adjustments to reconcile net income to net cash
+Depreciation and amortization		$200
-Increase in current assets (excluding cash)		$321
+Increase in current liabilities		$97
Net cash flow from Operating Activities		$1,215	$0
CASH FLOW FROM INVESTMENT ACTIVITIES
No investment activity		$0
CASH FLOW FROM FINANCING ACTIVITIES
Dividend payment to shareholders		($298)
Debt repayment		$0
Net cash flow from Financing Activities		($298)
Net increase in cash		$917	$0
Double-check		$917
RutgersFriends Corp.: Ratios
Current Ratio		9.13
Quick Ratio		8.90
Cash Ratio		8.46
Long-term Debt Ratio		0.00
Total Debt Ratio		0.09
Asset Turnover Ratio		0.85
Inventory Turnover		16.75
Receivables Turnover		22.67
Profit Margin		0.19
ROE		0.18
ROA		0.17
MB		1.10
MVA		$317
EVA		$201

Continue working with our RutgersFriends Corporation (RFC) example. For details, please, download the required files (Word and Excel documents) from Canvas. Prepare the balance sheet for December 31, 2013. Prepare the income statement for RFC for fiscal year 2013. Prepare the statement of cash flows for RFC for fiscal year 2013.

What was the amount of total assets for RFC on December 31, 2013?

Round your answer to the nearest dollar