Sam operates a variety store as a sole proprietorship. Indicate each assets type (ordinary, capital, or Sec. 1231).

a. The vacant lot next to his store that was purchased for use as a parking lot for his customers.

b. Sixteen bicycles that have been in his inventory for over a year.

c. A note receivable that was given to him by a customer in payment of the balance due on the customers account at the store.

d. A corporate bond in which Sam invested some of the stores excess cash.