1.For each of the items listed below, indicate the major section or subsection of a financial statement in which each of the following items would usually appear:

a.The bad debt rate was increased from 1% to 2%, thus increasing bad debt expense.

b.One of the company's. manufacturing facilities located in a foreign country was expropriated. A loss of $800 was recognized. The event is considered unusual and infrequent.

c.Obsolete inventory was written off. This was the first loss of this type in the company's history.

d.Loss on sale of investments. The company last sold some of its investments two years ago.

e.Recognition of income earned last year, which was inadvertently omitted from last year's income statement.

f.Freight out was incurred by the company

g.The company sold one of its warehouses at a loss.

h.Settlement of litigation with federal government related to income taxes of three years ago. The company is continually involved in various adjustments with the federal government related to its taxes.

i.Loss on the disposal of a component of a business.

j.Declared dividends on common stock

k.The company neglected to record its depreciation in the previous year.

l.Discontinuance of all production in the United States. The manufacturing operations were relocated in Mexico.

m.Foreign currency translation gains for the year totaled $600.

n.Sales discounts were allowed by the company