Raindrop Holdings Ltd is a public company. Below are items taken from its recent consolidated balance sheet and consolidated income statement. Note that different companies use slightly different titles for the same item. Mark each item in the following list as an asset (A), liability (L) or shareholders’ equity (SE) that would appear on the balance sheet, or revenue (R) or expense (E) that would appear on the income statement.

1. Property, plant and equipment

2. Sales revenue

3. Trade and other payables

4. Advertising costs

5. Provisions

6. Inventories

7. Prepayments

8. Revenue received in advance

9. Reserves

10. Cash and cash equivalents

11. Depreciation

12. Cost of sales