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.