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The following is a December 31, 2018, post-closing trial balance for the Jackson Corporation. Account Title...

The following is a December 31, 2018, post-closing trial balance for the Jackson Corporation. Account Title Debits Credits Cash $ 45,000 Accounts receivable 39,000 Inventories 80,000 Prepaid rent for the next 8 months 21,000 Marketable securities (short term) 15,000 Machinery 170,000 Accumulated depreciation—machinery $ 16,000 Patent (net of amortization) 84,000 Accounts payable 10,500 Wages payable 6,500 Taxes payable 37,000 Bonds payable (due in 10 years) 190,000 Common stock 150,000 Retained earnings 44,000 Totals $ 454,000 $ 454,000 Required: Prepare a classified balance sheet for Jackson Corporation at December 31, 2018.

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As the Accumulated Depreciation has been netted off with Asset value. Otherwise Accumulated Depreciation can be shown in Liabilities side also

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