Exercise 3-4 (Algo) Balance sheet preparation [LO3-2, 3-3] The following is a December 31, 2021, post-closing trial balance for the Jackson Corporation. Account Title Cash Accounts receivable Inventory Prepaid rent (for the next 8 months) Investment in equity securities (short term) Machinery Debits Credits $ 55,000 49,000 90,000 31,000 25,000 220,000 Accumulated depreciation $ 26,000 Patent (net) 94,000 Accounts payable 15,500 Salaries payable 11,500 Income taxes payable 47,000 Bonds payable (due in 10 years) 220,000 Common stock 180,000 Retained earnings 64,000 Totals $564,000 $564,000 Required: Prepare a classified balance sheet for Jackson Corporation at December 31, 2021, by properly classifyi (Amounts to be deducted should be indicated by a minus sign.)