i) Classify each of the accounts in the table (1 to 20) by using the following abbreviations. (7 marks) CA for current assets NCA for noncurrent assets CL for current liabilities NCL for noncurrent liabilities SE for stockholder's equity. Copy the questio questio 8. n n 1. Accounts payable 2. Accounts Receivable 3. Land Copy 4. Cash 5. Common Stock the 6. Furniture 7. Inventory Income Tax Payable 9. Short term investment 10. 10-year note payable 11. Notes Receivable (due in 9 number 12. Prepaid Rent months) in the 13. Retained Earnings answer 14. Supplies 15. Unearned service revenue booklet. 16. Dividend 17. Wages Payable 18. Machinery 19. Delivery truck 20. Interest payable number in the answer booklet. ii) The underneath shown the accounts of Skymaster Airplane Rentals as at December 31, 2021. Accounts payable 36,000 - Insurance expense. 2,000 Accounts receivable. 27,000 Prepaid insurance 560- Common stock 150,000 Airplanes (net) 300,000 Notes payable (due in 24 months). 47,000 Land 60,000 Wages expense 75,000 Advertising expense. 22,000- Cash- 164,390 - Office Furniture (net) 15,000 Utilities expense 39,000 Service Revenues 217,000 Retained earnings (Dec 31, 2021). 177,000 Supplies 900- Supplies payable 450- Long-term loan 58,000 - Unearned service revenue. 99,400 Required:- Calculate the following balance sheet items: (13 marks). a) Total current assets. b) Total current liabilities. c) Total noncurrent assets. d) Total noncurrent liabilities e) Total stockholders' equity