The following are the typical classifications used in a balance sheet .. Current assets bi Investments Property, plant, and equipment d. Intangible assets Other assets f. Current liabilities Long-term liabilities hi Paid in capital 1. Betained earnings Required: For each of the following 2021 balance sheet items, use the letters above to indicate the appropriate classification ca item is o contra account, select the appropriate letter with a minus sign.) 2 2 4 5 Interant payable (due in 3 months) 30 Franchise 11 Accumulated depreciation 12 Prepaid insurance for 2022) 13 Bonds payable (due in 10 years) Current maturities of long-term debt 15 Notes payabile del months) 16 Long term recevables 11 Resticad cash will be used to retire bonds in 10 years) 101 Proy 3.0 10H Supplies Machinery Land used in operation) Deferred revenue for 2022 Copyright Common stock Cand hold for secon Catheque Salas vabi 72 8 5 Score anst> o a 77F Mostly hp 2 - on se T $ . - 95 5 & 7 T 4 6 8 9 O ) R T Y U T P Saved Intangible assets Other assets Retained earnings quired: each of the following 2021 balance sheet items, use the letters above to indicate the appropriate classification mis a contro account, select the appropriate letter with a minus sign.) 10 Interest payablo (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) 11 12 13 14 15 16 17 18 Supplies Machinery Land (used in operations) Deferred revenue for 2022) Copyrights Common stock Land (held for speculation) Cash equivalents Salaries payable 77F Mos O * a hp pirtsc 11 IO & C 4 96 5 6 7 00 9