The following items are to be included on the balance sheet of a company that manufactures office furniture. State whether each of the items would be classified as a non-current (fixed) asset, a current asset, a current liability or a non-current liability. ◆ amount owed to the company by its customers ◆ office premises ◆ amount borrowed on a 15-year loan ◆ last month’s telephone bill which has not yet been paid ◆ amount owing to a supplier of wood, due to be paid next month ◆ new manufacturing equipment that was purchased and received from the supplier last week ◆ goodwill purchased on acquiring the business of a competitor last year ◆ pine desks awaiting finishing and polishing .