The following are the typical classifications used in a balance sheet: a. Current assets b. Investments c. Property, plant, and equipment d. Intangible assets e. Other assets f. Current liabilities g. Long-term liabilities h. Paid-in capital i. Retained earnings Required: For each of the following 2021 balance sheet items, use the letters above to indicate the appropriate classification category. (8 the item is a contra account, select the appropriate letter with a minus sign.) 1. 2. 3. 4 5 Interest payable (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) 10.a 11. [C 12.c 13. 14. 15. th 16 17.0 18. Supplies Machinery Land (used in operation) Deferred revenue (for 2022) Copyrights Common stock Land (held for speculation) Cash equivalents Salarios payable 6 7. 8 9