The following are the typical classifications used in a balance sheet: a. Current assets b. Investments and funds c. Property, plant, and equipment d. Intangible assets e. Other assets f. Current liabilities B. Long-tere 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.) Answer is complete but not entirely correct. * Inventories Patent Land in use Accrued liabilities Prepaid rent for the next 9 Equipment Accounts payable Allowance for uncollectible accounts Land, held for investment Note payable, due in 5 years Deferred rent revenue for the next 12 months Note payable, due in 6 months Income less dividends, accumulated Investment in XYZ Corp., long-term months 17. Common stock Building in use Cash Taxes payable 8 I b 17 18