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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 $3,400 Accumulated depreciationequipment

Suppose the following items were taken from the 2022 financial statements of Texas Instruments, Inc. (All dollars are in millions.)

Common stock

$3,400

Accumulated depreciationequipment

$4,050

Prepaid rent

150

Accounts payable

1,440

Equipment

7,320

Patents

2,140

Stock investments (long-term)

650

Notes payable (long-term)

700

Debt investments (short-term)

1,600

Retained earnings

6,470

Income taxes payable

120

Accounts receivable

1,700

Cash

1,350

Inventory

1,270

Prepare a classified balance sheet in good form as of December 31, 2022. (List Current Assets in order of liquidity.)

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