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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 Prepaid rent Equipment
Suppose the following items were taken from the 2022 financial statements of Texas Instruments, Inc. (All dollars are in millions.) Common stock Prepaid rent Equipment Stock investments (long-term) Debt investments (short-term) Income taxes payable Cash $2,000 Accumulated depreciation equipment $2,000 150 Accounts payable 1,000 6,000 Patents 2,000 600 Notes payable (long-term) 700 1,600 Retained earnings 8,250 100 Accounts receivable 1.700 1,000 Inventory 1,000 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 (in millions) Assets $ Liabilities and Stockholders' Equity $
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