Exercise 3-2 (Static) Balance sheet classification [LO3-2, 3-3] For each of the following balance sheet items, indicate the appropriate classification category from the dropdown list. Note: If the item is a contra account, select the appropriate classification category with "- contra" from the dropdown list. Exercise 3-20 (Static) Effect of management decisions on ratios [LO3-8] Most decisions made by management impact the ratios analysts use to evaluate performance. Indicate (by letter) whether each of the actions listed below will immediately increase (I), decrease (D), or have no effect (N) on the ratios shown. Assume each ratio is less than 1.0 before the action is taken. Exercise 3-12 (Static) Financial statement disclosures [LO3-4] Parkman Sporting Goods is preparing its annual report for its fiscal year. The company's controller has asked for your help in determining how best to disclose information about the following items: Required: Indicate whether each item should be disclosed (A) in the summary of significant accounting policies note, (B) in a separate disclosur note, or (C) on the face of the balance sheet