1. Financial statement account identification. Mark each of the accounts listed in the following table as follows: a. In column 1, indicate in which statement (income statement (is) or Balance Sheet (BS)) the account belongs. b. In column 2, indicate whether the account is: current asset (CA), current liability (CL), expense (E), fixed asset (FA), long term debt (LTD), revenue or shareholders equity (SE). AccOUNT NAME | STATEMENT | TYPE OF ACCOUNT EX....BS EX....CL Accounts Payable Accounts receivable Administrative expense Buildings Cash Common shares Cost of goods sold | Equipment General Expense |Inventories Land Long-term debt Machinery Marketable securities Line of credit Operating expense Preferred shares Preferred share dividends Retained earnings Sales revenue Selling expense Taxes | vehicles