The following are the typical classifications used in a balance sheet: a. Current assets f. Current liabilities b. Investments g. Long-term liabilities c. d. Property, plant, and equipment Intangible assets h. Paid-in capital i. Retained earnings e. Other assets 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. Interest payable (due in 3 months) 10. Supplies 2. Franchise 11. Machinery 3. Accumulated depreciation 12. Land (used in operations) 4. 5. 6. Prepaid insurance (for 2022) Bonds payable (due in 10 years) Current maturities of long-term debt 13. Deferred revenue (for 2022) 14. Copyrights 15. Common stock 7. Notes payable (due in 3 months) 16. Land (held for speculation) 8. Long-term receivables 17. Cash equivalents 9. Restricted cash (will be used to retire bonds in 10 years) 18. Salaries payable