Response to the following problem:
List the statement on which each of the following items may appear. Choose from (A) income statement, (B) balance sheet, or (C) neither.
a. Net income
b. Cost of goods sold
c. Gross profit
d. Retained earnings
e. Paid-in capital in excess of par
f. Sales
g. Supplies expense
h. Investment in G. Company
i. Dividends
j. Inventory
k. Common stock
l. Interest payable
m. Loss from flood
n. Land
o. Taxes payable
p. Interest income
q. Gain on sale of property
r. Dividend income
s. Depreciation expense
t. Accounts receivable
u. Accumulated depreciation
v. Sales commissions.