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Exercise 2-07 Suppose the following items were taken from the 2022 financial statements of Texas Instruments, Inc. (All dollars are in millions.) Common stock

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Exercise 2-07 Suppose the following items were taken from the 2022 financial statements of Texas Instruments, Inc. (All dollars are in millions.) Common stock $3,500 Accumulated depreciation-equipment $3,120 Prepaid rent 170 Accounts payable 1,680 Equipment 6,720 Patents 2,190 Stock investments (long-term) 690 Notes payable (long-term) 860 Debt investments (short-term) 1,710 Retained earnings 6,200 Income taxes payable 130 Accounts receivable 1,810 Cash 1,110 1,090 Inventory Prepare a classified balance sheet in good form as of December 31, 2022. (List Current Assets in order of liquidity.) TEXAS INSTRUMENTS, INC. A Balance Sheet (in millions) Assets

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