Common categories of a classified balance sheet include Current Assets, Long-Term Investments, Plant Assets, Intangible Assets, Current Liabilities, and Long-Term Liabilities. For each of the following items, identify the balance sheet category where the item would most likely appear. 1. Short-term investments 2. Franchises Items Balance Sheet Category 3. Supplies 4. Long-term notes payable 5. Patents 6. Accounts payable 7. Interest payable (due in 2 weeks) 8. Prepaid rent (expires in 3 weeks) Current assets Current liabilities Intangible assets Long-term investments