400 LO 1 ASSIGNMENTS Practice 1 How EXERCISE 12-3 Identify each of the following items relating to sections of an income statement as Revenue from Sales (S), Cost of Goods Sold (CGS), Selling Expenses (SE). General Expenses (GE), Other Income (Ol), or Other Expenses (OE). ng- Utilities Expense ons over b. Advertising Expense Purchases Discounts d Sales Returns and Allowances e Interest Income ad 8. Depreciation Expense, Equipment I? h. Interest Expense i. Rent Expense f Freight In j. Sales LO