The various classifications listed below have been used in the past by ACCT Company on its balance sheet. a. Current Assets e. Current Liabilities b. Investments f. Long-term Liabilities C. Plant and Equipment g. Common Stock and Paid-in Capital in Excess of Par d. Intangible Assets h. Retained Earnings Instructions Indicate by letter how each of the items below should be classified on the balance sheet at December 31, 2020. If an item is not reported on the December 31, 2020 balance sheet, use the letter "X" for your answer. If the item is a contra account within the particular classification, place parentheses around the letter. A letter may be used more than once or not at all. Sample question and answer: _(a)_ Allowance for doubtful accounts Questions: (9 points) 1. Customers' accounts with credit balances. 2. Bond sinking fund. 3. Salaries which the company's cash budget shows will be paid to employees in 2021. 4. Accumulated depreciation equipment. 5. Amortization of patents for 2020. 6. On December 31, 2020, Company signed a purchase commitment to buy all of its raw materials from Delta Company for the next 2 years. 7. Discount on bonds payable due March 31, 2023. 8. Launching of Hale's Internet retailing division in February, 2021. 9. Cash dividends declared on December 15, 2020 payable to stockholders on January 15, 2021