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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 $ 2,990 Accumulated

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

Common stock

$ 2,990

Accumulated depreciationequipment

$ 4,380

Prepaid rent

160

Accounts payable

1,090

Equipment

6,220

Patents

2,220

Stock investments (long-term)

690

Notes payable (long-term)

970

Debt investments (short-term)

1,950

Retained earnings

6,100

Income taxes payable

170

Accounts receivable

1,870

Cash

1,340

Inventory

1,250

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

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TEXAS INSTRUMENTS, INC. Balance Sheet (in millions) Assets $ $

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