The following are the typical classifications used in a balance sheet: a. Current assets b. Investments and funds Property, plant, and C. equipment d. Intangible assets e. Other assets f. Current liabilities Long-term 9. liabilities h. Paid-in-capital i. Retained earnings Required: For each of the following 2016 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 10 Supplies Machinery 2 11 3 12 Land in use 4 13 5 Accrued interest payable Franchise Accumulated depreciation Prepaid insurance for 2017 Bonds payable, due in 10 years Current maturities of long-term debt Note payable, due in three months Long-term receivables Restricted cash, will be used to retire bonds in 10 years 14 6 15. Deferred revenue Copyrights Preferred stock Land held for speculation Cash equivalents Wages payable 7 16. 8 17 9 18