2.8 For a fish-and-chip shop, indicate which of the following items are current liabilities, which are current assets and which are fixed assets:

1 Microwave oven 2 2,000 kilos of King Edward potatoes 3 Cash register 4 Amount owing to the Fat Fishy Company Ltd 5 Capital investment of Mr V. Greasy, owner 6 Mrs Greasy’s pearl necklace and gold wrist-watch 7 250 mackerel 8 Loan from V. Greasy’s father, repayable in two years’ time 9 Last instalment due, in one month’s time, on the microwave oven acquired on hire purchase 10 Shop rented from a property company For items not classified as current liabilities or current assets or fixed assets, describe how they would be reported in the balance sheet, if at all.