Asset, Liability, or Owners' Equity (use dropdown menu to select answer) Item 1. Investment by the owner to start the business 2. Cash 3. Unfinished products on the assembly line 4. Accounts payable 5. Cash equivalents 6. Raw materials used in the production process 7. Accounts receivable 8. Long-term assets 9. Prepaid expenses 10. Retained earnings 11. Factory building 12. Products offered for sale 13. Current portion of bank loan payable 14. Investment in the stock market 15. Plant, Property, and Equipment 16. Proceeds from stock offering 17. Cumulative profits of business since inception 18. Store Shelving 19. Accumulated depreciation 20. Long-Term portion of bank loan payable 21. Union workers turn raw material into finished goods