First question: Typical balance sheet classifications are as follows. a. Current Assets b. Fixed Assets f. Capital Stock c. Intangible Assets g. Additional Paid-In Capital d. Current Liabilities h. Retained Earnings e. Long-Term Liabilities i. Not Reported on Balance Sheet s Using the letters above, classify the following accounts according to the balance sheet presentation. [3 pts] 1. mortgage Payable 2. insurance expense 3. notes payable (due 2025) 4. Equipment 5. Preferred stock 6. copyrights 7. Common stock 8. Account payable 9. Depreciation Equipment 10. inventory