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 $ 40,000 34,000 75,000 16,000 10,000 145,000 $ 11,000 83,000 8,800 4,000 32,800 200,000 100,000 48,000 $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 2 Prav 17 of 2018 Next > 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 Tatibilities dVEU 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