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: C if it is a current liability. L if it is a long-term liability, or Nif it is not a liability Item Classification 1. Bonds payable (due in 9 months) 2. Notes payable (due in 120 days) 3. Current portion of long-term debt. 4. Bonds payable (due in 2 years) 5. Notes payable (due in 6 to 11 months) 6. Interest payable (due in 90 days) 7. FUTA taxes payable. 8. Employee Union Dues Payable 9. Employee Medical Insurance Payable 10. Accounts receivable