7. (4) $14,948 Marini is in the business of buying stationary directly from the manufacturer and then reselling to retailers. Which one of the following transactions is MOST likely to violate the Generally Accepted Accounting Principles (GAAP)? (1) Marini buys three months' worth of cleaning supplies in March and expenses the total amount. (2) Marini buys 30 boxes of pens in June and expenses the total amount before they are resold. (3) Marini buys a printer for the office and expenses it according to its expected useful life. (4) Marini buys annual insurance for the business and expenses the cost over the entire year. is formed between two general partners and three limited partners. All five