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Prepare and cassified balance sheet in good form

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Suppose the following items were taken from the 2017 financial statements of Texas Instruments, Inc. (All dollars are in millions.)

Common stock                                       $2,210

Accumulated depreciation-equipment        $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

Question 1: Prepare and Cassified balance sheet in good form as of December 31, 2017. (List current assets in order of liquidity.)

Reference no: EM132485602

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