Required 1. For each of the following statements identify the term listed above with which it is associated. (If two terms apply choose the one that is most closely associated).1) Periodic cost associated with intangible assets2) Cost of constructing a new wing on a building3) A measure of funds available for expansion4) A group of assets encompassing property plant and equipment 5) Cost associated with enhancing a building but not expanding it 6) Periodic cost associated with tangible assets 7) A group of assets that gain their value from contracts or rights8) Cost of normal repairs to a building9) Assets whose value derives from what can be extracted from them10) Periodic cost associated with natural resources11) Cost of a repair that extends the useful life of a building 2. Assuming the company uses cash for all its expenditures which of the items listed above would you expect to see on the income statement? Which ones would not result in an outlay of cash?