The following are the major balance sheet classifications.Current assets (CA)Lon

The following are the major balance sheet classifications.Current assets (CA)Long-term investments (LTI)Property plant and equipment (PPE)Intangible assets (IA)Current liabilities (CL)Long-term liabilities (LTL)Common stock (CS)Retained earnings (RE)Instructions:Classify each of the following financial statement items taken from Remington Corporations balance sheet.____ Accounts payable and accrued liabilities____ Accounts receivable____ Accumulated depreciation____ Buildings____ Cash and short-term investments____ Dividends payable____ Goodwill____ Income taxes payable____ Inventories____ Investments____ Land____ Long-term debt____ Materials and supplies____ Office equipment and furniture____ Prepaid expenses