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, L if it is a long-term liability, or N if it is not a liability. Item 1. Notes payable (due 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. 8. Sales taxes payable. 9. Salaries payable. 10. Wages payable. Classification C L C C C