Exercise 3-2 (Static) Balance sheet classification (LO3-2, 3-3] The following are the typical dessifications used in a balance sheet: 1. Current Aceste b. Investets 3. Property, plant, and quiet 6. Tatangthie Assets 1. OLIN wala + Curre l'attes Long terlolilles h. Pald.in capital 1. Retres earnings Required: Forach of the following balance sheet items, so throtters above to indicate the appropriate classification category (If the item is a contra account, select the appropriate letter with a minus sign.) 1 2 4 5 5 5 T B 9 F Accounts payable Allowance for uncolectible accounts Landeld Porn Nolos payable due in 5 years) Dccred rovenc Mor the nod 12 monts Nolphyllach in max) Accumulated amount of net income les dividende invectment in XYZ Corp.org term 11 12 13 11 14 15 15. 16 17 10 wy Patel Land used in operations Aceilich in ment) Prepaid rent for the next months) Common stock Ruling di pes) Cash Income tax payable