Problem1 (3 points) The following is a list of some accounts used by a food service business: A. Food Inventory B. Prepaid Insurance C. Food Sales D. Utility Expenses. E. Cash F. Accounts Receivable G. Accounts Payable H. A.M. Smith, Capital I. Equipment J. Notes Payable K. A.M. Smith, Drawing L. Income Summary M. Wages Expense N. Operating Expenses O. Depreciation Expense P. Accumulated Depreciation Required: 1. State what type of account it is (permanent, temporary, clearing) 2. State whether it is closed during closing entries (yeso) 3. If it is closed during closing entries, state to which account it is closed