CULLUMBER LIMITED REPORTS THE FOLLOWING

Classify each account as an Asset, Liability, or Shareholders' Equity item

(a) Classify each account as an Asset, Liability, or Shareholders' Equity item. Accounts payable Accounts receivable Bank loan payable Cash Common shares Deferred revenue Equipment Income tax payable Intangible assets Interest payable Inventory Prepaid insurance Retained earnings Salaries payable Supplies Vehicles $19,968 16,768 40,960 11,968 25,600 2,304 39,040 2,304 6,400 384 11,776 1,280 27,200 896 3,584 28,800 Liability Asset