The following is a December 31, 2021, post-closing trial balance for the Jackson Corporation Account Title Debits Credits Cash $ 43,000 Accounts receivable 37,000 Inventory 78,000 Prepaid rent (for the next 8 months) 19,000 Investment in equity securities (short term) 13,000 Machinery 160,000 Accumulated depreciation $ 14,000 Patent (net) 82,000 Accounts payable 9,500 Salaries payable 5,500 Income taxes payable 35,000 Bonds payable (due in 10 years) 170,000 Common stock 130,000 Retained earnings 68,000 Totals $432,800 $432,000 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: JACKSON CORPORATION Balance Sheet At December 31, 2021 Assets Current assets: 0 Total current assets Property, plant, and equipment: 0 Net property, plant, and equipment Intangible assets: Total assets $ 0 Liabilities and Shareholders' Equity Current liabilities: 0 Total current liabilities Long-term liabilities: 0 Total liabilities Shareholders' equity 0 Total shareholders' equity Total liabilities and shareholders' equity $ 0