The following is a December 31, 2021, post-closing trial balance for the Jackson Corporation.

Account Title		Debits			Credits
Cash	$	45,000
Accounts receivable		39,000
Inventory		80,000
Prepaid rent (for the next 8 months)		21,000
Investment in equity securities (short term)		15,000
Machinery		170,000
Accumulated depreciation				$	16,000
Patent (net)		84,000
Accounts payable					10,500
Salaries payable					6,500
Income taxes payable					37,000
Bonds payable (due in 10 years)					190,000
Common stock					150,000
Retained earnings					44,000
Totals	$	454,000		$	454,000

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.)

The following is a December 31, 2021, post-closing trial balance for the Jackson Corporation. Credits Debits $ 45,000 39,000 80,000 21,000 15,000 170,000 $ 16,000 Account Title Cash Accounts receivable Inventory Prepaid rent (for the next 8 months) Investment in equity securities (short term) Machinery Accumulated depreciation Patent (net) Accounts payable Salaries payable Income taxes payable Bonds payable (due in 10 years) Common stock Retained earnings Totals 84,000 10,500 6,500 37,000 190,000 150,000 44,000 $454,000 $454,000 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: Cash Accounts receivable Inventory Prepaid rent Total current assets 0 Property, plant, and equipment: 0 Net property, plant, and equipment Intangible assets: Total assets $ 0 Liabilities and Shareholders' Equity Current liabilities: 0 Total current liabilities Long-term liabilities: 0 Total liabilities Shareholders' equity: 0 Total shareholders' equity Total liabilities and shareholders' equity $ 0