Problem 4-3A Determining balance sheet classifications LO C3 From the dropdown box beside each numbered balance sheet item, select the option of its balance sheet classification. If the item should not appear on the balance sheet, choose the option "No item required" from the selection choices. Account Title Classification Account Title Classification 1. Cash Current assets 11. Owner, Capital 2. Patents 3. Interest receivable 4. Machinery 5. Prepaid rent (2 months of Rent) 6. Equipment 7. Repairs expense 8. Land (used in operations) 9. Depreciation expenseBuilding 10. Office equipment 12. Buildings 13. Bonds payable (due in years) 14. Accumulated depreciationTrucks 15. Mortgages payable (due in 6 years) 16. Automobiles 17. Notes payable (due in 3 years) 18. Land held for future expansion 19. Notes payable (due in 2 months) 20. Notes receivable (due in 2 years)