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 N if it is not a liability. Classification C Item | 1. FICASocial Security Taxes Payable 2. Employee Federal Income Taxes Payable 3. Notes payable (mature in five years). | 4. Employee Medical Insurance Payable 5. FICAMedicare Taxes Payable 6. FUTA taxes payable. | 7. Machinery (expected life of 4 years) 8. Salaries payable. | 9. Sales taxes payable. 10. Current portion of long-term debt