RequiredThe following is a list of several accounts. Using the letters A through

RequiredThe following is a list of several accounts. Using the letters A through K indicate in which section of the balance sheet each of the accounts would 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. Cash__________2. Bonds payable (due in 8 years)__________3. Machinery__________4. Deficit__________5. Unexpired insurance__________6. Franchise (net)__________7. Fund to retire preferred stock__________8. Current portion of mortgage payable__________9. Accumulated depreciation__________10. Copyrights__________11. Investment in held-to-maturity bonds__________12. Allowance for doubtful accounts__________13. Notes receivable (due in 3 years)__________14. Property taxes payable__________15. Deferred taxes payable__________16. Premium on preferred stock__________17. Premium on bonds payable (due in 8 years)__________18. Work in process__________19. Common stock $1 par__________20. Land__________21. Treasury stock (at cost)__________22. Unrealized increase in value of available-for-sale securities