(a) Indicate whether each account appears on the balance sheet (B) or income statement (I).

Staples, Inc. ($ millions)Amount Classification

Sales$21,059Answer

B or I

Accumulated depreciation4,375Answer

B or I

Depreciation expense388Answer

B or I

Retained earnings6,900Answer

B or I

Net income379Answer

B or I

Property, plant & equipment, net1,586Answer

B or I

Selling, general and admin expense4,600Answer

B or I

Accounts receivable1,899Answer

B or I

Total liabilities4,788Answer

B or I

Stockholders' equity5,384Answer

B or I

(b) Using the data, compute total assets and total expenses.

Total Assets= $Answer

Total Expenses= $Answer