Question: 1 Current Attempt in Progress Suppose the following items were taken from the 2022 financial statements of Texas Instruments, Inc. (All dollars are in
1 Current Attempt in Progress Suppose the following items were taken from the 2022 financial statements of Texas Instruments, Inc. (All dollars are in millions.) Common stock $2,800 Accumulated depreciation-equipment $2,570 Prepaid rent 165 Accounts payable 1,790 Equipment 7,210 Patents 2,100 Stock investments (long-term) 740 Notes payable (long-term) 800 Debt investments (short-term) 1,950 Retained earnings 8,105 Income taxes payable 160 Accounts receivable 1,830 Cash 1,230 Inventory 1,000 Prepare a classified balance sheet in good form as of December 31, 2022. (List Current Assets in order of liquidity.) TEXAS INSTRUMENTS, INC. Balance Sheet #3 @2 (in millions) Assets $ 64 4 % 905 66 & 27 7 89> 8
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