1. Which of the following items is an asset? a. Owing to bank b. Accounts payable for inventory C. Loan from Ann Shirley d. Fixtures e. None of them 2. Which of the following items is a liability? a. We owe a supplier for inventory b. Accounts receivable c. Inventory d. Machinery e. Cash at bank 3. J.Winnie firm has $ 1.200 cash at bank, a van for $ 3.000 and an inventory of goods for $ 2.800. Also firm owes $1.000 to a supplier for inventory and firm borrowed $2.000 from D.Smith. What is the amount of the firm's capital? a. 6.000 b. 4.000 C. 10.000 d. 8.000 e. 7.000 4. Complete the gaps in the following Liabilities($) Capital table. Assets($) ($) 12.000 8.000 7.000 10.000 15.000 2.000