Q1. Consider Canadian Tire. Classify the following items as an asset (A), a liability (L), or an owners' equity or Shareholders' equity (E) item for Canadian Tire. Write the letter (A, L, E) besides each item. a. e. Accounts receivable b. Long-term debt C. Equipment d. Common shares Cash f. Retained earnings 8. Accounts payable h. Land i. Prepaid expenses j. Merchandise inventories k. Notes payable 1. Accrued expenses payable