Instructions: Review the four scenarios and identify each as either a capital expenditure, an operating expense or neither. Select ONE correct answer for each scenario. You will have two attempts to complete this assignment; the highest grade from both attempts will be recorded. Complete this assignment by Sunday 11:55 PM, EDT. D 1. Park Systems paid $15,000 for storage racks for the data center. The racks are expected to last the company 5 years. Operating expense Capital expense Neither D 2. Park Systems spent $24,000 on Amazon Cloud Services, which gets invoiced at $2,000 each month. The contract requires 30 days' notice to terminate it. Operating expense Capital expense Neither D 3. Park Systems spent $18,000 on 12 new laptops. The laptops are expected to last 3 years. Operating expense Capital expense Neither D 4. Park Systems signed-up for a 10-user subscription for Zoho Projects, a cloud-based project management software. The company paid $1,250 last year for the subscriptions, which are renewable on a monthly basis. Operating expense Capital expense Neither