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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 $ 2,920 Accumulated

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

Common stock

$ 2,920

Accumulated depreciationequipment

$ 2,790

Prepaid rent

165

Accounts payable

1,460

Equipment

7,460

Patents

2,400

Stock investments (long-term)

610

Notes payable (long-term)

910

Debt investments (short-term)

1,890

Retained earnings

8,655

Income taxes payable

120

Accounts receivable

1,840

Cash

1,260

Inventory

1,230

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

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