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Exercise 2-6 Suppose the following items were taken from the 2017 financial statements of Texas Instruments, Inc.. (All dollars are in millions 826 Accumulated depreciation-
Exercise 2-6 Suppose the following items were taken from the 2017 financial statements of Texas Instruments, Inc.. (All dollars are in millions 826 Accumulated depreciation- Common stock Prepaid rent Equipment Stock investments (long- $3,547 1,459 2,210 810 equipment 164 Accounts payable 6,705 Patents 637 Notes payable (long-term) term) Debt investments (short- 1,743 Retained earnings term Income taxes payable Cash 6,896 1,823 1,202 128 Accounts receivable 1,182 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 n millions Assets Current Assets
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