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Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $390,000 Patents and copyrights = $760,000; Accounts payable = $520,000;
Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash = $390,000 Patents and copyrights = $760,000; Accounts payable = $520,000; Accounts receivable = $149,000; Tangible net fixed assets = $4,800,000; Inventory = $315,000; Notes payable = $180,000; Accumulated retained earnings = $1,325,000; Long-term debt = $1,430,000. What is the common stock account balance for the company?
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