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16) Use the following account numbers and corresponding account titles to answer the question. Account No. Account Title (1) Cash (2) Merchandise inventory (3) Cost

16) Use the following account numbers and corresponding account titles to answer the question.

Account No. Account Title
(1) Cash
(2) Merchandise inventory
(3) Cost of goods sold
(4) Transportation-out
(5) Dividends
(6) Common stock
(7) Selling expense
(8) Loss on the sale of land
(9) Sales

Which accounts would appear on the income statement?

Account numbers 3, 4, 7, 8, and 9.Account numbers 3, 4, 5, 7, and 9.Account numbers 2, 3, 7, 8, and 9.Account numbers 3, 5, 7, and 8.

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