The following is a December 31, 2021, post-closing trial balance for the Jackson Corporation. Account Title Cash Accounts receivable Inventory Prepaid rent (for the next 8 months) Investment in equity securities (short term) Machinery Accumulated depreciation Patent (net) Accounts payable Salaries payable Income taxes payable Bonds payable (due in 10 years) Common stock Retained earnings Totals Debits Credits $ 59,000 53,000 94,000 35,000 29,000 240,000 $ 30,000 98,000 17,500 13,500 51,000 260,000 17 , 66 , $608,000 $608,000 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: Total current liabilities 0 Long-term liabilities: 0 Total liabilities Shareholders' equity: Total shareholders' equity Total liabilities and shareholders' equity 0 $ 0