Please determine what each classifies as. The options are shown.

Presented below are the captions of Faulk Company's balance sheet. Indicate where each of the following items would be classified. Preferred stock. Goodwill. Salaries and wages payable. Accounts payable. Buildings. Equity investments (trading). Current maturity of long-term debt. Premium on bonds payable. Allowance for doubtful accounts. Accounts receivable. Cash surrender value of life insurance. Notes payable (due next year). Supplies. Common stock. Land. Bond sinking fund. Inventory. Prepaid insurance. Bonds payable. Income taxes payable