Question: Exercise 2-07 Your answer is partially correct. Try again. Suppose the following items were taken from the 2022 financial statements of Texas Instruments, Inc. (All

Exercise 2-07 Your answer is partially correct. Try again. Suppose the following items were taken from the 2022 financial statements of Texas Instruments, Inc. (All dollars are in millions.) Common stock Prepaid rent Equipment Stock investments (long-term) Debt investments (short-term) Income taxes payable Cash $3,420 Accumulated depreciation-equipment $2,690 175 Accounts payable 1,080 6,110 Patents 2,120 670 Notes payable (long-term) 850 1,680 Retained earnings 160 Accounts receivable 1,740 1,060 Inventory 1,020 6,375 TEXAS INSTRUMENTS, INC. Balance Sheet December 31, 203 (in millions) Assets Total Current Assets Property Pant and Equipment Liabilities and Stockholders' Equity
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