You have been asked to review the December 31, 2021, balance sheet for Champion Cleaning. After completing your review, you list the following three items for discussion with your superior: 1. An investment of $47,000 is included in current assets. Management has indicated that it has no intention of liquidating the investment in 2022. 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, 2022. 3. Deferred revenue of $111,000 is included as a current liability even though only two-thirds will be recognized as revenue in 2022, and the other one-third in 2023. Determine the appropriate classification of each of these items. (If no entry is required for classification, choose "No entry":) Items 1. Investment Current Amount Classification $ O No entry $ 27,000 Current liabilities Current liabilities Long-term Amount Classification $ 47,000 Investments Long-term liabilities Long-term liabilities 2. Installment note 3. Deferred revenue