Exercise 3-4 Balance sheet preparation [LO3-2, 3-3] The following is a December 31, 2018, post-closing trial balance for the Jackson Corporation Account Title Cash Accounts receivable 38,000 Inventories Prepaid rent for the next 8 months Marketable securities (short term) Machinery Accumulated depreciation- machinery Patent (net of amortization) Accounts payable Wages payable Taxes payable Bonds payable (due in 10 years) Common stock Retained earnings Totals Debits Credits $ 44,000 79,000 20,000 14,000 165,000 $ 15,000 83,000 10,000 6,000 36,000 180,000 140,000 56,000 $443,000 $443,000 Required: Prepare a classified balance sheet for Jackson Corporation at December 31, 2018. (Amounts to be deducted should be indicated by a minus sign.) JACKSON CORPORATION Balance Sheet At December 31, 2018