E 3-3 Balance sheet classification . LO3-2, LO3-3 c.Property, plant, and equipment The following are the typical classifications used in a balance sheet: a. Current assets b. Investments and funds f. Current liabilities g. Long-term liabilities h. Paid-in-capital i. Retained earnings d. Intangible assets e. Other assets Required: For each of the following 2018 balance sheet items, use the letters above to indicate the appropriate classification category. If the item is a contra account, place a minus sign before the chosen letter. Accrued interest payable Franchise Accumulated depreciation 0Supplies 11Machinery 12. 13.Deferred revenue, for 2019 14 Copyrights 15.Preferred stock 16.Land, held for speculation 17Cash equivalents 2 3. Land, in use 4, Prepaid insurance, for 2019 5. Bonds payable, due in 10 years 6. Current maturities of long-term debt 7. Note payable, due in three months 8.- Long-term receivables 9 Restricted cash, will be used to retire bonds 18.Wages payable in 10 years