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 N if it is not a liability, Classification Item 1. Warranty liability (6 months of coverage) 2. Notes payable (due in 6 to 11 months). 3. Employee Federal Income Taxes Payable 4. Interest payable (due in 90 days) 5. FICA-Social Security Taxes Payable 6. Patents (to expire after 5 years) 7. Pension liability (to be fully paid to retired employees in next 11 months) 8. Sales taxes payable. 9. Employee Union Dues Payable 10. Notes payable (mature in five years). L