1. Classify the following items of a company as: Asset, Liability or shareholders' equity in Balance Sheet Revenue or Expense in Income Statement (or Profit and loss Statement). Sate A, L, OE, Rev or Exp. State P&L or Balance Sheet | a) Office salaries b) Cash at bank c) Interest on bank loan d) Cost of goods sold e) Sales of goods (at selling prices) (f) |Accruals 9) Tax payable h) Debtors (Accounts receivable ) i) Interest earned O) Inventories k) Bank loan D) Fire Insurance expense (Insurance premium) m) | Paid-up capital |n) Equipment o) | Prepaid rent p) Office rent q) Retained profits D) Creditors (Accounts payable) s) Tax expense