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Classify each of the following financial statement items based upon the major balance sheet classifications. Prepaid advertising Equipment Long-term Investments Intangible Assets Current Liabilities Property,

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Classify each of the following financial statement items based upon the major balance sheet classifications. Prepaid advertising Equipment Long-term Investments Intangible Assets Current Liabilities Property, Plant, and Equipment Stockholders' Equity Long-term Liabilities Current Assets Trademarks Salaries and wages payable Income taxes payable Retained earnings Accounts receivable Land (held for future use) Retained earnings Accounts receivable Land (held for future use) Patents Bonds payable Inventory

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