Instructions appear in a note to Indicate by letter how each of the following usually should be classified. If an item the bal the financial statements, use the letter "N" to indicate this fact. If an item need not be reported at all on ance sheet, use the letter "X." 12. Twenty-year issue of bonds payable 1. Unexpired insurance. that will mature within the next year. 2. Stock owned in affiliated companies. (No sinking fund exists, and refunding 3. Unearned subscriptions revenue. is not planned.) 4. Advances to suppliers. 13. Machinery retired from use and held for 5. Unearned rent revenue. sale. 14. Fully depreciated machine still in use. 6. Preferred stock. 15. Accrued interest on bonds payable. 7. Premium on preferred stock. 16. Salaries that company budget shows will 8. Copyrights. be paid to employees within the next year. 9. Petty cash fund. 17. Discount on bonds payable. (Assume 10. Sales tax payable. related to bonds payable in No. 12) 11. Accrued interest on notes receiv- 18. Accumulated depreciation. able