QUESTIONS (15 MARKs) Classify the following as Current Assets (CA), Noncurrent Assets (CL), Noncurrent Liabilities (NCL), Expenses (E), and Capital (C (NCA), Current Liabilities Cost of Sales Hotel Electricity Cash Depreciation Rent for year Acerued (Delayed) Accounts payable in 2 years Loan receivable itn Loan to be paid in 1 month Loan to be paid in Machinery Prepaid Insurance for the year Inventory Buildings Accounts Share Premium receivable in 2 months (15 MARKS) QUESTION 6 The following is a list of accounts and their balances. Total each of the five major classifications, and enter the totals in the appropriate places in the long form of the accounting equation that is shown on the list, in the space provided below: Assets Liab/ties EquityRevenueExpers 12,000 ank 67,000 ales ong-term loan 11,300 yroll ildings43,800 pital c. Receivable 8,600 her Expenses 3,000 her Assets 18,900 her Liabilities 25,400 TOTAL 7,000 98,000