Identify each of the following as an asset, contra asset, Ilab$$lity$,$ or equity.

$\backslash$table$[[$Item$,$Category$],[$Cash$,($select option$)],[$Depreciation$,($select option$)],[$Equipment$,($select option$)],[$Inventory$,($select option$)],[$Loans$,($select option$)],[$Paid$-$in Capital,$($select option$)],[$Prepaid Insurance,$($select option$)],[$Retained Earnings,$($select option$)],[$Taxes Owed,$($select option$)]]$