mework The following are the typical classifications used in a balance sheet + a. Current assets b. Investments C. Property, plant, and equipment d. Intangible assets e. Other assets Current liabilities Long-term liabilities Paid-in capital Retained earnings h. 1. the Required: For each of the following balance sheet items, use the letters above to indicate the appropriate classification category. contra account, select the appropriate letter with a minus slgn.) 1 2 3 10. 11 12 13 4 14. Equipment Accounts payable Allowance for uncollectible accounts Land (held for investment) Notes payable (due in 5 years) Deferred revenue for the next 12 months Notes payable (due in 6 months) Acumulated amount of net income less dividends investment in XYZ Corp dong-term) Inventory Patent Land (used in operations) Accrued liabilities (due in 6 months) Prepaid rent (for the next months) Common stock Building (used in operations) Cash Income taxes payable 15 10 7 3 18