The following is a December 31, 2021, post-closing trial balance for the Jackson Corporation. Account Title Debits Credits Cash $ 50,000 Accounts receivable 44,000 Inventory 85,000 Prepaid rent (for the next 8 months) 26,000 Investment in equity securities (short term) 20,000 Machinery 195,000 Accumulated depreciation $ 21,000 Patent (net) 89,000 Accounts payable 13,000 Salaries payable 9,000 Income taxes payable 42,000 Bonds payable (due in 10 years) 240,000 Common stock 130,000 Retained earnings 54,000 Totals $509,000 $509,000 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: Total current assets Property, plant, and equipment 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