Presented below are the captions of Faulk Company's balance sheet. Indicate where each of the following items would be classified. Balance Sheet Accounts Balance Sheet Classification 1. Preferred stock. 2. Goodwill. 3. Salaries and wages payable > 4. Accounts payable. 5. Buildings. 6. Equity investments to be sold within one year). 7. Current maturity of long-term debt. 8. Premium on bonds payable. Notes payable (due next year). 13. Supplies. 15. Land. > 16. Bond sinking fund.