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Question 1: What should the total asset and total liabilities and stockholders equity equal to? What numbers should go in the red boxes and how

Question 1: What should the total asset and total liabilities and stockholders equity equal to? What numbers should go in the red boxes and how do you solve to get those answers?

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Suppose the following items were taken from the 2022 financial statements of Texas Instruments, Inc. (All dollars are in millions.) Common stock $2,826 Accumulated depreciation-equipment $3,547 Prepaid rent 164 Accounts payable 1,459 Equipment 6,705 Patents 2,210 Stock investments (long-term) 637 Notes payable (long-term) 810 Debt investments (short-term) 1,743 Retained earnings 6,896 Income taxes payable 128 Accounts receivable 1,823 Cash 1,182 Inventory 1,202 Prepare a classified balance sheet in good form as of December 31, 2022. (List Current Assets in order of liquidity.) TEXAS INSTRUMENTS, INC. Balance Sheet December 31, 2022 (in millions) Assets Current AssetsTEXAS INSTRUMENTS, INC. Balance Sheet December 31, 2022 (in millions) Assets Current Assets Cash to 1182 Debt Investments 1743 Accounts Receivable 1823 Inventory 1202 Prepaid Rent 164 Total Current Assets to Long-Term InvestmentsTotal Current Assets to Long-Term Investments Stock Investments Property, Plant and Equipment Equipment 6705 Less v Accumulated Depreciation-Equipment 3547 Intangible Assets Patents Total Assets to 1: Liabilities and Stockholders' Equity Current Liabilities Accounts Payable 1459Income Taxes Payable 128 Total Current Liabilities to Long-Term Liabilities Notes Payable Total Liabilities Stockholders' Equity Common Stock 2826 Retained Earnings 6896 Total Stockholders' Equity Total Liabilities and Stockholders' Equity

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