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Use the letters a to k from the balance sheet classifications to indicate the usual classification for each of the 22 balanceBalance Sheet Item 1. Preferred stock. 2. Accrued salaries. 3. Long-term receivable. 4. Cash surrender value of life insuranc

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1. Preferred stock h. Paid- in capital
2. Accrued salaries f. Current liabilities
3. Long-term receivable b. Investments
4. Cash surrender value of life insurance a. Current asset
5. Income tax payable f. Current liabilities
6. Current maturities of 10-year bond payable f. Current liabilities
7. Interest payable f. Current liabilities
8. Work in process inventory a. Current asset
9. Long-term debt callabel due to a covenant violation f. Current liabilities
10. Copyrights d. Intangible assets
11. Accounts receivable - trade a. Current asset
12. Accumulated depreciation-equipment c. Property, plant, and equipment
13. Land c. Property, plant, and equipment
14. Dividends payable f. Current liabilities
15. Note receivable (due in 2 years). b. Investments
16. Last month rent of a one-year lease receivable in advance i. Retained earnings
17. Goodwill d. Intangible assets
18. Land held for speculation c. Property, plant, and equipment
19. Prepaid insurance (6-month prepayment) a. Current asset
20. Accrued utilities expense f. Current liabilities
21. Paid-in capital in excess of par-common stock h. Paid- in capital
22. Note payable (due in 6 months) f. Current liabilities
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