The December 31, 2014, adjusted trial balance of Odom Company includes the following accounts:

(a) Determine which accounts are non-current assets and prepare the non-current assets section of the balance sheet as at December 31, 2014.
(b) For each item that is not classified as a non-current asset, indicate how it would be classified on the balance

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Supplies Notes payable (due March 1, 2017) Accumulated depreciation-equipment Equipment Accumulated depreciation-building Notes receivable (due April 1, 2015) $2,900 28,000 25,800 43,000 37,400 7,800 Land Buildings Patents Goodwill Merchandise inventory $85,000 125,000 12,300 5,520 14,000