Bonita is considering purchasing an expensive piece of jewelry next month. The local jeweler is offering a three-year financing plan to help her pay for the jewels. For the purposes of preparing Bonita's financial statements for next year, you should I. list the jewels as an investment asset. 1. list the loan amount as a current or short-term liability. Ill. list the jewels as a use asset. IV. list the loan payment as a fixed expense on the income and expense statement. I and II Il and Ill Ill and IV Correct I and IV Il and IV