RequiredThe following is a list of fifteen accounts. Using the letters A through K indicate in which section of the balance sheet each account would most likely be classified. Place a check mark (() beside each item that is a contra account. If an account cannot be classified in any of the preceding sections indicate with an X and explain. ______1. Temporary investments in marketable securities______2. Discount on bonds payable (bonds due in 5 years) ______3. Additional paid-in capital on common stock______4. Accounts receivable ______5. Notes payable (due in 5 years) ______6. Patents (net) ______7. Unrealized decrease in value of available-for-sale securities______8. Preferred stock ______9. Unearned rent (to be earned within next 6 months)______10. Accrued pension cost______11. Trademarks ______12. Deficit______13. Salaries payable______14. Land______15. Investment in Ace Company preferred stock (to be held for 3 years)