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Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $250,000; Patents and copyrights = $740,000; Accounts payable = $480,000;
Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $250,000; Patents and copyrights = $740,000; Accounts payable = $480,000; Accounts receivable = $129,000; Tangible net fixed assets = $4,300,000; Inventory = $265,000; Notes payable = $180,000; Accumulated retained earnings = $1,185,000; Long-term debt = $1,730,000. What is the common stock account balance for the company?
Multiple Choice
$2,469,000
$2,348,000
$2,811,000
$1,870,000
$2,109,000
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