Question 1 (20 marks) A-Classify the following list of items as: revenue/expense/current asseton-current asset/current liabilityon-current liability/capital 1. a machine for manufacturing widgets 2. bill of air conditioning used in a factory 3. sales of 1,000 widgets for cash to Mr Mohammad, a customer 4. 3,000 borrowed from the bank 5. a heap of metal on the yard, to be used for manufacturing widgets 6. 4,000 owed to Pyron Ltd for the metal in item 5 7. a Toyota Lexus car, used by an employee, but owned by his/her employer, Yen Ltd 8. 10,000 of personal savings used by someone starting up a business. (4 Marks)