The following are the typical classifications used in a balance sheet: a. Current assets b. f. Current liabilities Investments g. d. c. Property, plant, and equipment. Intangible assets h. Long-term liabilities Paid-in capital i. Retained earnings e. Other assets Required: For each of the following balance sheet items, use the letters above to indicate the appropriate classification category. (If the it contra account, select the appropriate letter with a minus sign.) 1. Equipment 10. Inventory 2. Accounts payable 11. Patent 3. Allowance for uncollectible accounts 12. Land (used in operations) 4. Land (held for investment) 13. 5. Notes payable (due in 5 years) 14. 6. Deferred revenue (for the next 12 months) 15. 7. 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. Accumulated amount of net income less dividends 17. Cash 9. Investment in XYZ Corp. (long-term) 18. Income taxes payable