The following is a December 31, 2018, post-closing trial balance for the Jackson Corporation. Credits Debits $ 55,000 49,000 90,000 31,000 25,000 220,000 Account Title Cash Accounts receivable Inventories Prepaid rent for the next 8 months Marketable securities (short term) Machinery Accumulated depreciation machinery Patent (net of amortization) Accounts payable Wages payable Taxes payable Bonds payable (due in 10 years) Common stock Retained earnings Totals $ 26,000 94,000 15,500 11,500 47,000 220,000 180,000 64,000 $564,000 $564,000 Required: Prepare a classified balance sheet for Jackson Corporation at December 31, 2018. (Amounts to be deducted should be indicated by minus sign.) JACKSON CORPORATION Balance Sheet At December 31, 2018 Assets I Current assets Cash $ 55,000