The following are the typical classifications used in a balance sheet: . Current assets b. Investments c. Property, plant, and equipment d. Intangible assets e. Other assets f. Current liabilities 9. Long-term liabilities h. Paid-in capital 1. 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 not complete. 1 10 11. 2 d 3 Oo oo 12 4 13 5. Equipment Accounts payable Allowance for uncollectible accounts * Land (held for investment) Notes payable (due in 5 years) Deferred revenue (for the next 12 months) Notes payable (due in 6 months) Accumulated amount of net income less dividends Investment in XYZ Corp. (long-term) 14. 3 Inventory Patent Land (used in operations) Accrued liabilities (due in 6 months) Prepaid rent (for the next 9 months) Common stock Building (used in operations) Cash Income taxes payable 6. 7. f 15. 16. 17 c a 18 9. b 18. t