You are an auditor and you have been asked to review the December 31,2024 , balance sheet for Locust Point Incorporated. After four days of hard work, you have completed the review and you meet with your supervisor to discuss the following 3 items: 1. An investment of $47 , 000 is included in current assets. Management has indicated it has no intention of liquidating the irvestment in 2025. 2. A $270 , 000 note payable is listed as a long-term liability, but you have determined that the note is due in 10 equal annual installments with the first installment due on March 31, 2025. 3. Deferred revenue of $111 , 000 is included as a current liability even though only two-thirds will be recognized as revenue in 2025. and the other one-third in 2026. Determine the appropriate classification of each of these items. Note: If no entry is required for classification, choose "No entry