Classifying Current and Noncurrent Assets Review the following separate items and determine the proper classification as of December 31, 2020, as a current or noncurrent asset, or some combination. a. $112,500, long-term note receivable, with an installment payment of $11,250 due June 30, 2021. Current asset $ Noncurrent asset $ b. $11,250 investment in equity securities where the company (owner of the investment) intends to sell the securities sometime in 2021. Current asset $ Noncurrent asset $ C. $90,000 investment in land that is held for speculative purposes. Current asset $ Noncurrent asset $ d. $31,500 in accounts receivable, with an associated allowance for doubtful accounts of $2,250. Current asset $ Noncurrent asset $