B. C. D. Current Assets Investments Plant and Equipment Intangibles Deferred Charges Other Assets E OrxjEz F. Current Liabilities Long-term Liabilities Other Liabilities Preference Shares Ordinary Shares Premium on Share Capital Retained Earnings Items Excluded from the Statement of Financial Position Contra Valuation Account 04 vzu minutes) Huugn 18 represent.accounts of the Chenault Corporation. Determine how each account would be classified from the list above. If the account is a contra or valuation at Flak A before the letter. For example: "Allowance for Doubtful Accounts would be non Items to be answered: 1. Dividends payable (on Chenaults preference shares) Plant construction in progress by the company Factory building (retired from use and held for sale) Land (held for possible future building site) Merchandise inventory (held by Chenault Corporation on consignment) Stock dividend distributable (in ordinary share to ordinary shareholders and to be issued at par) Office supplies inventory Sinking fund cash (First National Bank, Trustee) Installment sales accounts receivable (average collection period eighteen months) All sales are installment sales. 10. Temporary decline in inventory value. 11. Advance to officers (indefinite repayment date) 12. Estimated warranty costs. (The warranty cost are for a one-year warranty on parts and labor) 13. Inventory of small tools used in the business 14. Treasury shares under par value method. 15. Ordinary shares subscribed (Chenault Corporation's shares) 16. Convertible bonds 17. Securities held as collateral 18. Bank overdraft (only account with bank)