The following items appear on the balance sheet of a company with a one-year operating cycle. Identify the proper classification of each item as follows: Cif it is a current liability, Lif it is a long-term liability, or if it is not a llability 02:51:47 Item Classification 1. Noles payable in 13 to 24 months) 2 Notes payable (due in 6 to 11 months) 3. Notes payable (mature in five years) 4. Current portion of long-term debt 5 Notes payable (due in 120 days) 6. FUTA taxes payable 7. Accounts receivable Sales the payable Salnes payable 10. Wages payable