Part 2 (25 Points): The following general ledger accounts are included in the trial balance for an audit client, Jenkins Wholesale Office Supply Store. Accounts payable Accounts receivable Accrued interest expense Accrued sales salaries Insurance expense Interest expense Notes payable Prepaid insurance Inventory Loans payable furniture and equipment Notes receivable-trade Advertising expense Allowance for doubtful accounts Bad debt expense Cash Common stock Depreciation expense furniture Property tax expense Property tax payable Purchases Rent expense Retained earnings Salaries, office and general Sales and equipment Furniture and equipment Income tax expense Income tax payable Sales salaries expense Telecommunications expense Identify the accounts in the trial balance that are likely to be included in each transaction cycle. Some accounts will be included in more than one cycle. Use the format that follows. Balance Sheet Accounts Income Statement Accounts Cycle Sales and collection Acquisition and payment Payroll and personnel Inventory and warehousing Capital acquisition and repayment