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ent CALCULAT Exercise 2-6 Suppose the following items were taken from the 2017 fnancial statements of Texas Instruments, Inc.(All ollars are in millons , Inc.

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ent CALCULAT Exercise 2-6 Suppose the following items were taken from the 2017 fnancial statements of Texas Instruments, Inc.(All ollars are in millons , Inc. (All dollars are in millions Common stock Prepaid rent Equipment Stock investments (long-term) 610 Notes payable (long-term) Debt investments (short-term) 1,890 Retained earnings Income taxes payable Cash $2,920 Accumulated depreciation-equipment $2,790 1,460 2,400 910 8,655 1,840 1,230 165 Accounts payable 7,460 Patents 120, Accounts receivable 1,260 Inventory Prepare a classified balance sheet in good form as of December 31, 2017. (List current assets in order of liquidity.,) Texas Instruments, Inc. Balance Sheet December 31, 2017 (in millions)

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