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Prepare a balance sheet for rogers corp

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Question 1: Prepare a 2018 balance sheet for Rogers Corp. based on the following information:

Cash = $139,000;

Patents and copyrights = $630,000;

Accounts payable = $217,500;

Accounts receivable = $112,500;

Tangible net fixed assets = $1,650,000;

Inventory = $299,000;

Notes payable = $160,000;

Accumulated retained earnings = $1,254,000;

Long-term debt = $857,000.

Reference no: EM132476089

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