Question 31 (20 points) From the following items identiy if a particular item is Asset (A), Liability (L), Revenue (R), Expense (Ex), Equity (Eq). If an item is recognized as Asset or liability please indicate if it is a Current (Cur), Non-Current (Ncur) in next column. At the end please indicate if an item would be presented in Statement of Profi or Loss (SPL), Statement of Financial Position (SFP) or Statement of Changes in Equity (SCQ). e.g Item Nature of account Current / Non-Current will be presented on Salaries Expense Ex SPL SI Event or account Nature of Account Current / Non- Current Will be presented on No. 1 Patents, Copy Rights Sales Income N on Insurance Expenses 4 Bad Debt 5 Accounts Receivable 6 Cash at bank 7 Bank over draft 8 9 2 Bank loan payble in 3 years Accounts Payable Amount payable to suppliers of Non- Current Assets 10 11 Rental revenue 12 Capital invested by owner Unearned Revenue 13 14 Salaries Payable 14 Salaries Payable 15 Depreciation 16 Withdrawals by Owner 17 Prepaid Insurance 18 Dividend paid A 19 Machinery 20 Income Tax expense