The following are the typical classifications used in a balance sheet: a. Current assets b. Investments 6. Property, plant, and equipment d. Intangible assets eOther assets f. Current liabilities 8. 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.) 1 2 10 3 11 4 12 5 Interest payable (due in 3 months) Franchise Accumulated depreciation Prepaid insurance (for 2022) Bonds 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) 13 6 14 Supplies Machinery Land (used in operations) Deferred revenue (for 2022) Copyrights Common stock Land (held for speculation) Cash equivalents Salaries payable 7 8 15 16 17 18