Problem 1 Typical balance sheet classifications are as follows. a. Current Assets b. Long-term Investments c. Plant Assets d. Intangible Assets e. Other Assets f. Current Liabilities g. Long-Term Liabilities h. Capital Stock i. Additional Paid-In Capital j. Retained Earnings k. Notes to Financial Statements 1. Not Reported on Balance Sheet Instructions: Indicate by use of the above letters how each of the following items would be classified on a balance sheet prepared at December 31,2023 . If a contra account, or any amount that is negative or opposite the normal balance, put parentheses around the letter selected. A letter may be used more than once or not at all 1. Accrued salaries and wages 2. Rent revenues for 3 months collected in advance 3. Land used as plant site 4. Equity securities classified as trading 5. Cash 6. Accrued interest payable due in 30 days 7. Premium on preferred stock issued 8. Dividends in arrears on preferred stock 9. Petty cash fund 10. Unamortized discount on bonds payable due 2025 11. Common stock at par value 12. Bond indenture covenants 13. Unamortized premium on bonds payable due in 2025 14. Allowance for doubtful accounts 16. Natural resource - timberlands 17. Deficit (no net income earned since beginning of company) 18. Goodwill 19. 90 day notes payable 20. Investment in bonds of another company; will be held to 2025 maturity 21. Land held for speculation 22. Death of company president 23. Current maturity of bonds payable 24. Investment in subsidiary; no plans to sell in near future 25. Accounts payable 26. Preferred stock ( $10 par) 27. Prepaid rent 28. Copyright 29. Accumulated amortization, patents 30. Earnings not distributed to owners 15. Accumulated depreciationequipment