The following is a December 31, 2021, post-closing trial balance for the Jackson Corporation. Account Title Debits Credits Cash $ 54,000 Accounts receivable 48,000 Inventory 89,000 Prepaid rent (for the next 8 months) 30,000 Investment in equity securities (short term) 24,800 Machinery 215,000 Accumulated depreciation $ 25,000 Patent (net) 93,000 Accounts payable 15,000 Salaries payable 11,000 Income taxes payable 46,000 Bonds payable (due in 10 years) 210,000 Common stock 170,000 Retained earnings 76,000 Totals $553,000 $553,000 JAUNSUN CORPORATION Balance Sheet At December 31, 2021 Assets Current assets: Total current assets Property, plant, and equipment: 0 Net property, plant, and equipment Intangible assets: 0 Total assets $ 0 Liabilities and Shareholders' Equity Current liabilities