VClassifications on Balance Sheet A balance sheet may contain the following major sections: A$.$ Current assets B$.$ Long$-$term investments C$.$ Property, plant, and equipment D$.$ Intangible assets E$.$ Other assets Required: The following is a list of accounts. Using the letters A through J$,$ indicate in which section of the balance sheet each account would most likely be classified. Also indicate with a check mark $()$ any item that is a contra account. If an account cannot be classified in any of the preceding sections, indicate with an X and explain. $\_\_\_\_1.$ Investments in Marketable Securities $\_\_\_\_2.$ Discount on Bonds Payable $($bonds due in $5$ years$)\_\_\_\_3.$ Additional Paid$-$in Capital on Common Stock $\_\_\_\_4.$ Accounts Receivable $\_\_\_\_5.$ Notes Payable $($due in $5$ years$)\_\_\_\_6.$ Patents $($net$)\_\_\_\_7.$ Unrealized Decrease in Fair Value of Available$-$for$-$Sale Securities $\_\_\_\_8.$ Preferred Stock