Elements of the financial statements. The following accounts and balances were taken from the financial statements of Brand Names at a Discount Inc. For each item, identify the financial statement(s) on which the item would appear. Then, identify each balance sheet item as an asset, a liability, or a shareholders' equity account. (LO 3)

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Van $50,000 Interest receivable 32,500 Cash 78,000 Short-term notes payable 15,875 Net cash from operating activities 28,000 Building 31,853 Common stock 75,000 Retained earnings 100,000 Net cash from investing activities 40,000 Interest payable 650 Long-term mortgage payable 85,000 Salaries payable 1,315 Net cash from financing activities 10,000