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 term) Machinery Accumulated depreciation Patent (net) Accounts payable Salaries payable Income taxes payable Bonds payable (due in 10 years) Common stock Retained earnings Totals Debits Credits $ 49,000 43,000 84,000 25,000 19,000 190,000 $ 20,000 88,000 12,500 8,500 41,080 230,000 120,000 66,800 $498,000 $498,000 Required: Prepare a classified balance sheet for Jackson Corporation at December 31, 2021, by properly classifying each of (Amounts to be deducted should be indicated by a minus sign.) JACKSON CORPORATION Balance Sheet At December 31, 2021 Assets Current assets 5 6 7 8 contex mal browser-kaunchUnhttps%2! ia Ch 16 Homew... Course Syllabus an... Moving Microsoft Office Ho... waterfalls and Somework Assets Current assets: 0 Total current assets Property, plant, and equipment 0 Net property, plant, and equipment Intangible assets Total assets Liabilities and Shareholders' Equity Current liabetes Total current liabilities Long-term liabilities 0 Total abilities Shareholders equity 0 Total shareholders equity Total abilities and shareholders equity 5 0