Indicate whether the item is on the balance sheet or the income statement. If it is on the balance sheet, designate which category. (lf there is no category, select "None" from the drop down menu.) Item Income Statement / Balance Sheet Category Accounts receivable Retained earnings Income tax expense Accrued expenses Cash Selling and administrative expenses Plant and equipment Operating expenses Marketable securities Interest expense Sales Notes payable (6 months) Bonds payable, maturity 20 years Common stock Depreciation expense Inventories Capital in excess of par value Net income earnings after taxes)

The categorization is presented below:

Item Income Statement / Balance Sheet Category

Accounts receivable Balance sheet Current assets

Retained earnings Balance sheet Shareholder equity

Income tax expense Income statement Expense

Accrued expenses Balance sheet Current liabilities

Cash Balance sheet Current assets

Selling and administrative expenses Income statement Expense

Plant and equipment Balance sheet Fixed assets

Operating expenses Income statement Expense

Marketable securities Balance sheet Current assets

Interest expense Income statement Expense

Sales Income statement Revenue

Notes payable (6 months) Balance sheet Current liabilities

Bonds payable, maturity 20 years Balance sheet Long term liabilities

Common stock Balance sheet Shareholder equity

Depreciation expense Income statement Expense

Inventories Balance sheet Current assets

Capital in excess of par value Balance sheet Shareholder equity

Net income earnings after taxes) Income statement None