The following are the typical classifications used in a balance sheet: Current assets Investments and funds Property, plant, and equipment Intangible assets Other assets Current liabilities Long-term liabilities Paid-in-capital Retained earnings Required: For each of the following balance sheet items, use the letters above to indicate the appropriate classification category. If the item is a contra account, place a minus sign before the chosen letter. Equipment Accounts payable Allowance for uncollectible accounts Land, held for investment Note payable, due in 5 years Deferred rent revenue for the next 12 months Note payable, due in 6 months Income less dividends, accumulated Investment in XYZ Corp., long-term Inventories Patent Land, in use Accrued liabilities Prepaid rent for the next 9 months Common stock Building, in use Cash Taxes payable