Home Work II State whether the items are assets, liabilities, Owner's Equity, Revenue or expense accounts. State whether they are income statement or balance sheet accounts, State whether they are permanent or temporary account. What is the normal balance for the following accounts is a debit or credit: a. Cash b. Supplies C. Notes payable d. Land e. Service revenue f. Accounts receivable & Rent expense h. Furniture i. Accounts payable j. Equipment k. Owner's Equity I. Inventory m. Rent expense n. Notes receivable 0. Sales revenue p. Bonds payable q Wages payable II. Prepare an income statement and balance sheet for Sam Smith Consulting for the year beginning January 1, 2019 and ending December 31, 2019, with the information that follows. Salary expense $150,000 Notes payable $20,000 Office Equipment $10,000 Coonsulting Service Revenue $300,000 Accounts receivable $40,000 Accounts payable $ 100,000 Cash $168,000 Owner's Equity $100,000 Rent Expense $30,000 Supplies $ 2,000 Advertising expense $30,000