The following is a December 31, 2021, post-closing trial balance for the Jackson Corporation, Account Title Debits Credits Cash $ 40,000 Accounts receivable 34,000 Inventory 75,000 Prepaid rent for the next a months) 16,000 Investment in equity securities (short term) 10,000 Machinery 145,000 Accumulated depreciation $ 11,000 Patent (net) 83,000 Accounts payable 8,000 Salaries payable 4,000 Income taxes payable 32,000 Bonds payable (due in 10 years) 200,000 Common stock 100,000 Retained earnings 48,000 Totals $403,000 $403,000 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