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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 $3,100
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 $3,100 Accumulated depreciation-equipment $3,730 Prepaid rent 150 Accounts payable 1,680 Equipment 6,400 Patents 2,440 Stock investments (long-term) 640 Notes payable (long-term) 790 Debt investments (short-term) 1,800 Retained earnings 6,060 Income taxes payable 170 Accounts receivable 1,800 Cash 1,190 Inventory 1,110 Prepare a classified balance sheet in good form as of December 31, 2022. (List Current Assets in order of liquidity.)
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