Balance Sheet Classification A balance sheet contains the following classifications: (a) Current assets (b) Investments (c) Property, plant, and equipment (d) Intangible assets (e) Other noncurrent assets (f) Current liabilities (g) Long-term debt (h) Other noncurrent liabilities (i) Capital stock (j) Additional paid-in capital (k) Retained earnings Indicate by letter how each of the following accounts would be classified. Place a minus sign () for all accounts representing offset or contra balances. 1. Discount on Bonds Payable 2. Stock of Subsidiary Corporation 3. 12% Bonds Payable (due in six months) 4. U.S. Treasury Bills 5. Income Taxes Payable 6. Sales Taxes Payable 7. Estimated Claims under Warranties for Service and Replacements 8. Par Value of Stock Issued and Outstanding 9. Unearned Rent Revenue (six months in advance) 10. Long-Term Advances to Officers 11. Interest Receivable 12. Preferred Stock Retirement Fund 13. Trademarks 14. Allowance for Bad Debts 15. Dividends Payable 16. Accumulated Depreciation 17. Trading Securities 18. Prepaid Rent 19. Prepaid Insurance 20. Deferred Income Tax Asset