Information may be classified with respect to a balance sheet in one of the following ways:

(1) Asset.

(2) Liability.

(3) Owners’ equity.

(4) Item would not appear on the balance sheet as conventionally prepared.

Using the numbers above, indicate the appropriate classification of each of the following items:

a Preferred stock.

b Furniture and fixtures.

c Potential liability under lawsuit (case has not yet gone to trial).

d Prepaid rent.

e Capital contributed in excess of par value.

f Cash on hand.

g Goodwill.

h Estimated liability under warranty contract.

i Raw materials inventory.

j Rental fees received in advance.

k Bonds payable.

l Unexpired insurance.