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Suppose the following items were taken from the 2022 financial statements of Texas Instruments, Inc. (All...

Suppose the following items were taken from the 2022 financial statements of Texas Instruments, Inc. (All dollars are in millions.)

Common stock

$2,100

Accumulated depreciation—equipment

$2,890

Prepaid rent

150

Accounts payable

1,770

Equipment

6,070

Patents

2,160

Stock investments (long-term)

700

Notes payable (long-term)

710

Debt investments (short-term)

1,620

Retained earnings

7,260

Income taxes payable

140

Accounts receivable

1,900

Cash

1,200

Inventory

1,070

Prepare a classified balance sheet in good form as of December 31, 2022. (List Current Assets in order of liquidity.)
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