3. Income statement Arrange the following income statement items so they are in the proper order of an income statement: Taxes Shares outstanding Interest expense Depreciation expense Preferred stock dividends Operating profit Sales Gross profit Earnings per share Eamings before taxes Cost of goods sold Earnings after taxes Earnings available to common stockholders Selling and administrative expense 4. Balance sheet - Classify the following balance sheet items as current or noncurrent Retained earnings Accounts payable Prepaid expenses Plant and equipment Inventory Common stock Bonds payable Accrued wages payable Accounts receivable Capital in excess of par Preferred stock Marketable securities