The following are the typical classifications used in a balance sheet: a. Current assets f. Current liabilities g. Long-term liabilities b. Investments and funds Property,plant, and h. Paid-in-capital C. equipment. d. Intangible assets e. Other assets 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.) Inventories Equipment Accounts payable Allowance for uncollectible accounts Land, held for investment Note payable, due in 5 years Deferred rent revenue Note payable, due in 6 months Income less dividends, accumulated Investment in XYZ Corp., long-term 1. 10. Patent 2. 11, Land, in use Accrued liabilities Prepaid rent Common stock Building,in 3. 12. 4. 13. 5. 14. 6 15. 7. 16. use 8 17. Cash 9 18. Taxes payable