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The following is a December 31, 2018, post-closing trial balance for the Jackson Corporation. Account Title Debits Credits Cash $ 58,000 Accounts receivable 52,000 Inventories

The following is a December 31, 2018, post-closing trial balance for the Jackson Corporation. Account Title Debits Credits Cash $ 58,000 Accounts receivable 52,000 Inventories 93,000 Prepaid rent for the next 8 months 34,000 Marketable securities (short term) 28,000 Machinery 235,000 Accumulated depreciationmachinery $ 29,000 Patent (net of amortization) 97,000 Accounts payable 17,000 Wages payable 13,000 Taxes payable 50,000 Bonds payable (due in 10 years) 250,000 Common stock 160,000 Retained earnings 78,000 Totals $ 597,000 $ 597,000 Required: Prepare a classified balance sheet for Jackson Corporation at December 31, 2018

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