The following are the typical classifications used in a balance sheet a. Current assets b. Investments f. Current liabilities g. Long-term liabilities h. Paid-in capital c. Property, plant, and equipment d. Intangible assets i. Retained earnings e. Other assets Required: For each of the following 2021 balance sheet items, use the letters above to indicate the appropriate classification category. item is a contra account, select the appropriate letter with a minus sign.) 1 Interest payable (due in 3 months) 10 a Supplies Machinery 2 d Franchise 11-c 3. c Accumulated depreciation 12-c Land (used in operations) 4-a Prepaid insurance (for 2022) 13 f Deferred revenue (for 2022) 5 g Bonds payable (due in 10 years) 14-d Copyrights 69 15h Common stock Current maturities of long-term debt Notes payable (due in 3 months) 74 16 Land (held for speculation)