10 Check my work 1 The following items appear on the balance sheet of a company with a one-year operating cycle. Identify each item as a current lability a long-term liability, or not a liability 5 Classification lock tem 1. Bonus payable to be paid in 60 days) 2. Accounts payable due in 30 days) 3. Notes payable (due in 8 to 11 months) 4. Notes payable (due in 120 days) 5. FUTAB payable 6. Sales tres payable 7.FICA. Social Security Taxes Payable 8. Notes payable (mature in five years) 9. Prepaid insurance (6 months of coverage) 10. Bonds payable dos inmonths) nes