Classify each of the following accounts taken from Faust Companys balance sheet.

Accounts payable		select a balance sheet item Intangible AssetsCurrent AssetsCurrent LiabilitiesLong-term LiabilitiesLong-term InvestmentsOwners EquityProperty, Plant, and Equipment
Accounts receivable		select a balance sheet item Owners EquityIntangible AssetsCurrent AssetsCurrent LiabilitiesLong-term InvestmentsProperty, Plant, and EquipmentLong-term Liabilities
Cash		select a balance sheet item Property, Plant, and EquipmentIntangible AssetsLong-term LiabilitiesCurrent AssetsOwners EquityCurrent LiabilitiesLong-term Investments
L. Dawn, capital		select a balance sheet item Long-term InvestmentsIntangible AssetsCurrent LiabilitiesOwners EquityProperty, Plant, and EquipmentCurrent AssetsLong-term Liabilities
Patents		select a balance sheet item Long-term InvestmentsProperty, Plant, and EquipmentCurrent AssetsIntangible AssetsLong-term LiabilitiesCurrent LiabilitiesOwners Equity
Salaries payable		select a balance sheet item Property, Plant, and EquipmentLong-term LiabilitiesCurrent AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsOwners Equity
Merchandise inventory		select a balance sheet item Owners EquityCurrent LiabilitiesProperty, Plant, and EquipmentCurrent AssetsLong-term InvestmentsIntangible AssetsLong-term Liabilities
Short-term investments (to be sold in 7 months)		select a balance sheet item Long-term InvestmentsLong-term LiabilitiesCurrent AssetsIntangible AssetsCurrent LiabilitiesOwners EquityProperty, Plant, and Equipment
Accumulated depreciationequipment		select a balance sheet item Property, Plant, and EquipmentLong-term InvestmentsIntangible AssetsOwners EquityLong-term LiabilitiesCurrent AssetsCurrent Liabilities
Buildings		select a balance sheet item Long-term LiabilitiesCurrent LiabilitiesOwners EquityIntangible AssetsLong-term InvestmentsProperty, Plant, and EquipmentCurrent Assets
Land (in use)		select a balance sheet item Intangible AssetsProperty, Plant, and EquipmentLong-term InvestmentsLong-term LiabilitiesOwners EquityCurrent LiabilitiesCurrent Assets
Notes payable (due in 2 years)		select a balance sheet item Current LiabilitiesProperty, Plant, and EquipmentCurrent AssetsLong-term LiabilitiesIntangible AssetsLong-term InvestmentsOwners Equity
Supplies		select a balance sheet item Owners EquityCurrent LiabilitiesCurrent AssetsLong-term InvestmentsIntangible AssetsLong-term LiabilitiesProperty, Plant, and Equipment
Equipment		select a balance sheet item Long-term InvestmentsIntangible AssetsOwners EquityCurrent LiabilitiesCurrent AssetsLong-term LiabilitiesProperty, Plant, and Equipment
Prepaid expenses		select a balance sheet item Intangible AssetsProperty, Plant, and EquipmentCurrent AssetsCurrent LiabilitiesLong-term InvestmentsOwners EquityLong-term Liabilities