please correct the first and second probelm and i highlighted the import part of the question which says if the item is a contra account select the appropiate letter with a minus sign (-)

Exercise 3-2 (Static) Balance sheet classification [LO3-2, 3-3) The following are the typical classifications used in a balance sheet: a. Current assets b. Investments c. Property, plant, and equipment d. Intangible assets e. Other assets f. Current liabilities g. Long-term liabilities h. Paid-in capital 1. Tetained earnings Required: For each of the following balance sheet items, use the letters above to indicate the appropriate classification category. (If the item is a contra account, select the appropriate letter with a minus sign.) Answer is complete but not entirely correct. * Equipment Accounts payable Allowance for uncollectible accounts Land (held for investment) Notes payable (due in 5 years) Deferred revenue (for the next 12 months) Notes payable (due in 6 months) Accumulated amount of net income less dividends Investment in XYZ Corp. (long-term) Inventory Patent Land (used in operations) Accrued liabilities (due in 6 months) Prepaid rent (for the next 9 months) Common stock Building (used in operations) Cash Income taxes payable The following are the typical classifications used in a balance sheet: a. Current assets b. Investments c. Property, plant, and equipment d. Intangible assets e. Other assets 1. Current liabilities g. Long-term liabilities h. Paid-in capital 1. Retained earnings Required: For each of the following 2021 balance sheet items, use the letters above to indicate the appropriate classification category. (If the Item is a contra account, select the appropriate letter with a minus sign.) Answer is complete but not entirely correct. 2 d 9 * Interest payable (due in 3 months) Franchise Accumulated depreciation Prepaid insurance (for 2022) Donds payable (due in 10 years) Current maturities of long-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 Salaries payable 15 h 16. 18. f