Item $15$ points Print Item $1$ Exercise $3-4($Static$)$ Balance sheet preparation $[$LO$3-2,3-3]$ The following is a December $31,2024,$ post$-$closing trial balance for the Jackson Corporation. Account Title Debits Credits Cash $ $40,000$ Accounts receivable $34,000$ Inventory $75,000$ Prepaid rent $($for the next $8$ months$)16,000$ Investment in equity securities $($short term$)10,000$ Machinery $145,000$ Accumulated depreciation $$ $ $11,000$ Patent $($net$)83,000$ Accounts payable $8,000$ Salaries payable $4,000$ Income taxes payable $32,000$ Bonds payable $($due in $10$ years$)200,000$ Common stock $100,000$ Retained earnings $48,000$ Totals $ $403,000$ $ $403,000$ Required: Prepare a classified balance sheet for Jackson Corporation at December $31,2024,$ by properly classifying each of the accounts. Note: Amounts to be deducted should be indicated by a minus sign.