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Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash $260,000; Patents and copyrights $770,000; Accounts payable = $370,000; Accounts receivable
Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash $260,000; Patents and copyrights $770,000; Accounts payable = $370,000; Accounts receivable = $149,000; Tangible net fixed assets = $3,600,000; Inventory = $205,000; Notes payable = $180,000; Accumulated retained earnings = $1,265,000; Long-term debt = $1,530,000. What is the common stock account balance for the company? Multiple Choice $1,847,000 $2,081,000 O $1,431,000 $1,999,000 $1,639,000
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