ABC Corporation intends to set up a new business unit; they are in the process of identifying their current assets and liabilities. Classify the following items into the one of these categories: current assets, non-current assets, current liabilities, non-current liabilities, equity, and profit and loss statement. In addition, state the rationale for your selection.

Finished goods inventory, Raw materials, Bank loan with a repayment date three years from today, Bank loan with a repayment date six months from today, Outstanding receivables from products sold, Depreciation expense, Salary expense for employees, Interest expense (payable to bank for loans), Money owed to a supplier for raw materials purchased, Dividends to be paid to shareholders two months from today, Retained earnings, Shareholders paid-in capital, Machinery and equipment, Accrued salaries and related expenses such as payroll taxes, Income tax to be paid to the US government one month from today ,Cash and cash equivalents, Building, Goodwill ,Bonds payable to be paid in 15 months