4 The following are the typical classifications used in a balance sheet: Current assets b. Investments f. Current liabilities Long-term liabilities WID E. Property, plant, and equipment h. Paid-in capital d. Intangible assets 1. Retained earnings ( Other assets Print leences Required: For each of the following balance sheet items, use the letters above to indicate the appropriate classification category. (If the item is a contra account, select the appropriate letter with a minus sign.) 1 Equipment 10, 2 Accounts payable 11 Inventory Patent 3 Allowance for uncollectible accounts 12 Land (used in operations). 4 Land (held for investment) 13 Accrued liabetes (due in 6 months) $ Notes payable (due in 5 years) 14 Prepaid rent (for the next 9 months) 6 Deferred revenue (for the next 12 months) 15 Common stock Notes payable (due in 6 months) 16 Building (used in operations) Accumulated amount of net income less dividends 17 Cash Investment in XYZ Corp (long-term) 18 income taxes payable Check my work