In this exercise, you will be provided with a list of accounts from the chart of accounts of Grubbs, Inc. Your mission will be to categorize the accounts as belonging in the various sections of the balance sheet or income statement. The accounts are: A Accounts Receivable 1. Dividends Q. Office Supplies B. Accrued Interest Receivable J. Common Stock R. Prepaid Expenses C. Accrued Rent Payable K. Income Tax Expense S. Property D. Accrued Salaries L. Machinery T. Trade Payables E. Administration Expense M. Mortgage Payable U. Utilities Expense F. Cash N. Net Income V. Wages Expense G. Cost of Goods Sold O. Net Sales W. Retained Earnings H. Depreciation Expense P. Notes Receivable (due 20ZZ) At the end of the exercise, I'll display the financial statements for you. Your next assignment is to identify the noncurrent, or long-term assets. There are three. Again, choose them in alphabetical order (C through W) by typing in the fill in the blank box.. Accounts Receivable 1. Dividends Office Supplies Accrued Interest Receivable J. Common Stock Prepaid Expenses C. Accrued Rent Payable K. Income Tax Expense S. Property D. Accrued Salaries L. Machinery T. Trade Payables E. Administration Expense M. Mortgage Payable U. Utilities Expense Cash N. Net Income V. Wages Expense G. Cost of Goods Sold O. Net Sales W. Retained Earnings H. Depreciation Expense P. Notes Receivable (due 202Z) Submit