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Prepare a 2018 balance sheet for Rogers Corporation based on the following information: Cash = $360,000; Patents and copyrights = $720,000; Accounts payable = $370,000;
Prepare a 2018 balance sheet for Rogers Corporation based on the following information: Cash = $360,000; Patents and copyrights = $720,000; Accounts payable = $370,000; Accounts receivable = $139,000; Tangible net fixed assets = $4,900,000; Inventory = $305,000; Notes payable = $180,000; Accumulated retained earnings = $1,205,000; Long-term debt = $1,630,000. What is the common stock account balance for the company?
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Multiple Choice
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$3,039,000
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$2,821,000
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$3,399,000
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$3,501,000
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$3,257,000
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