Question 8 Not complete Marted out of 20.00 P Pag quen Reporting Financial items in the Balance Sheet Alexa Corp. is preparing its balance sheet at December 31, 2020. The 7 items listed below are under consideration. For each of the items described, determine the amounts to be recognized on the balance sheet and dassify each amount as one of the following a current assets. (b) investments, la property, plant, and equipment (d other assets, les current liabilities, or (long-term fiabilities. More than one amount may apply to an item. Round amounts to the nearest dollar. 1. Note payable long term, 5120,000 originating on December 31, 2020. This note will be paid in installments. The first installment of $15,000 is to be paid August 1, 2021. 2. Bonds payable, 52, 5300.000 at December 31, 2020. Annual interest on the bond is paid on January 1, 2021. 3. Bond sinking fund, 560,000 this fund is being accumulated to retire the bonds at maturity 4. Rent pard in advance for the frst quarter of 2021 on a short-term lease, 59.000 ViewSonic 5. Accounts payable, 521.000 de to suppliers in terms ranging from 10 to 60 days. 6. A 3 year, 60.000 note payable to bankrigting on November 1, 2020 requires quarterly interest payments verondborsbased upon 2020 reported net income, are estimated to be 45.000 and are payable March 15, 2021 Newt