The following are the typical classifications used in a balance sheet: a. Current assets b. Investments C. d. Intangible assets e. Other assets Property, plant, and equipment f. Current liabilities g. Long-term liabilities h. Paid-in capital i. Retained earnings 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.) 1. Equipment 10. 2. C Accounts payable 11. Inventory Patent 3. C Allowance for uncollectible accounts 12. Land (used in operations) 4. C Land (held for investment) 13. 5. .0 Notes payable (due in 5 years) 14. 6. C Deferred revenue (for the next 12 months) 15. 7. C Notes payable (due in 6 months) 16. Accrued liabilities (due in 6 months) Prepaid rent (for the next 9 months) Common stock Building (used in operations) 8. C Accumulated amount of net income less dividends 17. Cash 9. b Investment in XYZ Corp. (long-term) 18. Income taxes payable