Pfannes Company is preparing its multiple-step income statement, owner€™s equity statement, and classified balance sheet. Using the column headings Account, Financial Statement, and Classification, indicate in which financial statement and under what classification each of the following would bereported.

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Account Financial Statement Classification Accounts Payable Accounts Receivable Accumulated Depreciation Buildings Casualty Loss from Vandalism Cost of Goods Sold Depreciation Expense Equipment Freight-Out Insurance Expense Interest Payable Inventory Notes Payable (due in 5 years) Owner's Capital (beginning balance) Owner's Drawings Property Taxes Payable Salaries and Wages Expense Salaries and Wages Payable Sales Returns and Allowances Sales Revenue Unearned Rent Revenue Utilities Expense