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. Accounts payable b. Land c. Prepaid expenses d. Accounts receivable e. Long-term debt f. Merchandise inventories g. Notes payable h. Accrued expenses payable i. Equipment j. Common shares k. Cash 1. Retained earnings