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2. Provide a brief (2-3 sentence) description of each item on on the NIKE Balance Sheet and Income Statement. I've provided a list of the

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2. Provide a brief (2-3 sentence) description of each item on on the NIKE Balance Sheet and Income Statement. I've provided a list of the specific line items to simplify the process. Provide a definition for these items: Income Statement: Revenue, Cost of Sales, Gross Profit, Demand Creation Expense,, Operating Overhead expense, selling and administrative expense, net income, earnings per share and dividends declared. Balance Sheet: Assets, Liabilities, Shareholder Equity, Current assets, current liabilities, Accounts receivable, inventories Prepaid expenses, Property plant and equipment, Intangible assets, accounts payable, accrued liabilities, Common stock, retained earnings

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