The following items appear on the balance sheet of a company with a one-year operating cycle. identify the proper classification of each item as follows: c if it is a current liability, l if it is a long-term liability, or n if it is not a liability. notes payable (due in 13 to 24 months). notes payable (due in 6 to 12 months). notes payable (mature in five years). current portion of ling-term debt. notes payable (due in 120 days). futa taxes payable. accounts receivable. sales taxes payable. salaries payable. wages payable.