The following are the typical classifications used in a balance sheet: a. Current assets b. Investments Property, plant, and equipment d. Intangible assets Other assets f. Current liabilities . Long-term liabilities h. Paid in capital i. Retained earnings e 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.) IC 1 2 3 10 a 11. 12. 13. 14 fa 4 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 abilities (due in 6 months) Prepaid rent for the next 9 months) Common stock Building (used in operations) Cash Income taxes payable 5 19 15 6 7 16 C 17 18 8 9 a