Using the following letters, classify each of the items below according to the section of the balance sheet in which they would be reported (classifications can be used more than once). a.Current...

Using the following letters, classify each of the items below according to the section of the balance sheet in which they would be reported (classifications can be used more than once).

a.Current assets

b.Long-term investments

c.Property, plant, and equipment

d.Intangible assets

e.Current liabilities

f.Long-term liabilities

g.Contributed capital

h.Retained earnings

7.Inventory

8.Accounts payable

9.Land

10.Copyrights

11.Notes payable, due in 3 years

12.Prepaid rent

13.Cash

14.Amount of direct investment by owners in a corporation