The following are the typical classifications used in a balance sheet: a. Current assets b. Investments Property, plant, and equipment d. Intangible assets e Other assets f Current liabilities 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. (If th Item is a contra account, select the appropriate letter with a minus sign.) 1 10 2 2 12 4 13 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) Supplies Machinery Land (used in operations) Deferred revenue for 2022) Copyrights Common stock Land hold for speculation) Cash equivalents Saares payable 15 7 10 17 15