Though you turn down the offer, the review of your balance sheet reminds you to focus on building owners' equity. The first step is to work closely with your accountant to make sure items are properly categorized on your balance sheet and income statement. Since you were categorizing transactions before hiring the accountant, you worry that certain items could be improperly categorized. While reviewing the balance sheet, your accountant discovers you have a significant quantity of construction materials inventory (lumber, cement, etc.) categorized as fixed assets. What should the accountant do? O a. Do nothing. This inventory is indeed a fixed asset. O b. Categorize as inventory because the materials will be converted into a product that is sold to customers. Oc Categorize as short-term loan, since you still owe your suppliers for some of these materials. d. Categorize as revenue, since the materials will be used in a house you are selling