Elements of Financial Statements Determine whether the following elements should appear in Champion Corporation’s income statement, balance sheet, or neither.

. Cash held at year-end.

. Cost of inventory sold.

. Amounts owed to suppliers.

Amounts received as advance payments from customers.

Earnings per share.

. Cash held by Champion’s shareholders.

. Depreciation expense on property, plant, and equipment.

. Property, plant, and equipment.

. Unpaid income taxes.

. Salary and wage expense for the year.

. Cash payments for utilities used during the year.

. Shares of common stock issued during the year.