Question

Prepare a 2018 balance sheet for Rogers Corp. based on the following information: Cash $129,000; Patents and copyrights $630,000; Accounts payable $211,000; Accounts receivable $125,000; Tangible net fixed assets $1,625,000; Inventory $294,000; Notes payable $170,000; Accumulated retained earnings- $1,274,000; Long-term debt -$847,000. (Be sure to list the accounts in order of their liquidity. Do not round intermediate calculations.) ROGERS CORP Balance Sheet Assets Liabilities and Equity Cash Accounts receivable Inventory 129,000 125,000 294,000 Accounts payable Notes payable Crrent labilites Current assets Long-term debt Total liabilities Intangible net fixed assets Tangible net fixed assets 1,625,000 Common stock Accumulated retained earnings 1,274,000 Total assets Total liabilities & owners' equity