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Suppose the following items were taken from the 2022 financial statements of Texas Instruments, Inc. (All dollars are in millions.)
Common stock | | $2,210 | | Accumulated depreciationequipment | | $3,200 |
Prepaid rent | | 150 | | Accounts payable | | 1,510 |
Equipment | | 6,170 | | Patents | | 2,210 |
Stock investments (long-term) | | 700 | | Notes payable (long-term) | | 870 |
Debt investments (short-term) | | 1,770 | | Retained earnings | | 7,120 |
Income taxes payable | | 180 | | Accounts receivable | | 1,880 |
Cash | | 1,120 | | Inventory | | 1,090 |
Prepare a classified balance sheet in good form as of December 31, 2022. (List Current Assets in order of liquidity.)
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