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The following is a December 31, 2021, post-closing trial balance for the Jackson Corporation Debit Credits Account Title Cash Accounts receivable Inventory Prepaid rent (for

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The following is a December 31, 2021, post-closing trial balance for the Jackson Corporation Debit Credits Account Title Cash Accounts receivable Inventory Prepaid rent (for the next 3 months) Investment in equity securities (short tere) Machinery Accumulated depreciation Patent (net) Accounts payable Salaries payable Income taxes payable Blonds payable (due in 10 years) Common stock Retained earnings Totals $ 52,000 45,000 37,000 28,000 22,000 205,000 $ 25,000 91,000 14,000 10,000 44,000 260,000 150,000 30,000 5531,000 $531,000 Required: Prepare a classified balance sheet for Jackson Corporation at December 31, 2021. buy 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 Saved Current assets: Total current assets Property, plant, and equipment S Net property, plant, and equipment Intangible assets Total assets Liabilities and Shareholders' Equity Current liabilities: Total current liabilities Long-term liabilities: Total current liabilities Long-term liabilities: Total liabilities Shareholders' equity Total shareholders' equity Total liabilities and shareholders' equity

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