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The following are the typical classifications used in a balance sheet a b C d Current assets Investments Property, plant and equipment Intangible assets Other assets f g h Current liabilities Long-term liabilities Paid in capital Retained earnings e Required: For each of the following 2021 balance sheet items, use the letters above to indicate the appropriate classification category. Of the item is a contra account, select the appropriate letter with a minus sign.) 1 Interest payable (due in 3 months) Franchise 2 d 31c Accumulated depreciation 4. a 5 g 10 a 110 1216 131 140 15h 1616 17 a Prepaid insurance (for 2022) Bonds payable (due in 10 years) Current maturities of tong-term debt Notes payable (due in 3 months) Long-term receivables Restricted cash (will be used to retire bonds in 10 years) Supplies Machinery Land (used in operations) Deferred revenue (for 2022) Copyrights Common stock Land (held for speculation) Cash equivalents Salanes payable 6 7 8 fb 9 lb 180