The following is a December 31, 2021, post closing trial balance for the Jackson Corporation Account Title Cash Accounts receivable Inventory Prepaid rent (for the next 8 months) Investment in equity securities (short tern) Machinery Accunulated depreciation Patent (not) Accounts payable Salaries payable Incone taxes payable Bonds payable (due in 10 years) Common stock Retained earnings Totals Debits Credits $ 54,000 48.000 89,000 30,000 24,000 215,000 $ 25,000 93,000 15,000 11,600 46,000 210,000 170,000 26,000 $553,000 $553,000 Required: Prepare a classified balance sheet for Jackson Corporation at December 31, 2021, by properly classifying each of the accounts. (Amounts to be deducted should be indicated by a minus sign.) JACKSON CORPORATION Balance Sheet At December 31, 2021 Assets Current assets Prepare a classified balance sheet for Jackson Corporation at December 31, 2021, by properly classifying each of the accounts. (Amounts to be deducted should be indicated by a minus sign.) JACKSON CORPORATION Balance Sheet At December 31, 2021 Assets Current assets es Total current assets Property, plant and equipment Net property, plant and equipment Intangible assets Total assets Liabilities and Shareholders' Equity Current liabilities Net property, plant, and equipment Intangible assets Total assets Liabilities and Shareholders' Equity Current liabilities: Total current liabilities Long-term liabilities Total liabilities Shareholders' equity Total shareholders' equity Total liabilities and shareholders' equity