Suppose the following items were taken from the 2014 financial statements of Texas Instruments, Inc. (All dollars

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Suppose the following items were taken from the 2014 financial statements of Texas Instruments, Inc. (All dollars are in millions.)

Common stock $2,826 Accumulated depreciation—

Prepaid rent 164 equipment $3,547 Equipment 6,705 Accounts payable 1,459 Stock investments (long-term) 637 Patents 2,210 Debt investments (short-term) 1,743 Notes payable (long-term) 810 Income taxes payable 128 Retained earnings 6,896 Cash 1,182 Accounts receivable 1,823 Inventory 1,202 Instructions Prepare a classified balance sheet in good form as of December 31, 2014.

AppendixLO1

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