identity each of the following items as either a capital expenditure (C), expense on the income statement (E), or neither (N) Type of Expenditure Transaction 1. Paid property taxes of $75,0 for the first year the new buldingis occupied. 2. Paid interest on construction note for new plant building, $550,000 3. Repaired plumbing in main plant, paying $270,000 cash. property taxes of $75,000 for the first year the new building is occupied. 4. Purchased equipment for new manufacturing plant, $6,000,000; financed with long-term note. 5.Paid dividends of $40,000