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 Accumulated depreciation Patent (net) Accounts payable Salaries payable Income taxes payable Bonds payable (due in 10 years) Common stock Retained earnings Totals Debits Credits $ 56,000 50,000 91,000 32,000 26,000 225,000 $27,000 95,000 16,000 12,000 48,000 230,000 190,000 $2,000 $575,000 $575,000 Required: Prepare a classified balance sheet for Jackson Corporation at December 31, 2021, by properly classifying each of the accounts. (Amounts to be deducted should be Indicated by a minus sign.)