Hailey Group Inc. (HGI) is a construction company with operations in Eastern Canada. For each of the following, indicate whether the item is an asset, liability or none for Hailey Group Inc.

a.		Insurance premiums paid on machinery to be used on a construction project commencing in 6 months.		AssetLiabilityNone
b.		Water fountain in a public city park used by employees of HGI during the hot summer months. The water fountain was paid for and constructed by HGI.		AssetLiabilityNone
c.		An employee has recently been hired at a salary of $40,000 / year and will begin work a week from now. The employee will be paid on a bi-weekly basis.		AssetLiabilityNone
d.		A passerby recently fell on a construction job site and has sued HGI for $500,000. Legal counsel believes the lawsuit will be successful.