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Suppose the following items were taken from the 2022 financial statements of Texas Instruments, Inc. (All dollars are in millions.) $3,400 150 $4,050 1,440 2,140
Suppose the following items were taken from the 2022 financial statements of Texas Instruments, Inc. (All dollars are in millions.) $3,400 150 $4,050 1,440 2,140 7,320 Common stock Prepaid rent Equipment Stock investments (long-term) Debt investments (short-term) Income taxes payable Cash 650 Accumulated depreciation-equipment Accounts payable Patents Notes payable (long-term) Retained earnings Accounts receivable Inventory 1,600 700 6,470 1,700 1,270 120 1,350 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 Assets Cash $ 1350 Accounts Receivable 1700 Inventory 1270 Prepaid Rent 150 Debt Investments 1600 Total Current Assets $ 6C Property, Plant and Equipment Equipment : 21 Total Assets $ 121 Liabilities and Stockholders' Equity $ 4 $ e + $
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