The following is a December 31, 2021, post-closing trial balance for the Jackson Corporation. Account Title Debits Credits Cash $ 56,000 Accounts receivable 50,000 Inventory 91,000 Prepaid rent (for the next 8 months) 32,000 Investment in equity securities (short term) 26,000 Machinery 225,000 Accumulated depreciation $27,000 Patent (net) 95,000 Accounts payable 16,000 Salaries payable 12,000 Income taxes payable: 48,000 nces Bonds payable (due in 10 years) 230,000 Common stock 190,000 Retained earnings 52,000 Totals $575,000 $575,000 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 1 of 6) Next >