The following is a December 31, 2021, post-closing trial balance for the Jackson Corporation.

Account Title		Debits			Credits
Cash	$	55,000
Accounts receivable		49,000
Inventory		90,000
Prepaid rent (for the next 8 months)		31,000
Investment in equity securities (short term)		25,000
Machinery		220,000
Accumulated depreciation				$	26,000
Patent (net)		94,000
Accounts payable					15,500
Salaries payable					11,500
Income taxes payable					47,000
Bonds payable (due in 10 years)					220,000
Common stock					180,000
Retained earnings					64,000
Totals	$	564,000		$	564,000

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.)

Q-Search in Document Home Mailings Review + Share Insert Draw Design Layout References Calibri (Body) 12 -AA - A A B IV .abe X2 X? A S A Document2 View + 1 . . AaBbc DdEe AabhccDE 19 Paste = = = = AaBaccDdte AaBbCcDc AabCcDdE: AaBb No Spacing Heading 1 Heading 2 The Norral Subtitle Styles Pane Styles JACKSON CORPORATION Balance Sheet At December 31, 2021 Assets Current assets Total current assets Property, plant, and equipment: Net property, plant, and equipment ntengible assets: Total assets Liabilities and Shareholders' Equity Current liabilities: Total current liabilities Long-term liabilities: o Total liabilities Shareholders' equity: Tote shareholders' equity Page 1 of 2 57 words English (United States) Focus E E = - = + 90%