10. Bonita is considering purchasing an expensive piece of jewelery next month. The local jeweler is offering a three-year financing plan to help her pay for the jewels. For the purpose of preparing Bonitas financial statements for next year, you should:

1. List the jewels as an investment asset
2. List the loan amount as a current or short-term liability
3. List the jewels as a use asset
4. List the loan payment as a fixed expense on the income and expense statement

a.I and II only

b.II and III only

c.III and IV only

d.I and IV only

e.II and IV only