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(a) Indicate whether each account appears on the balance sheet (B) or income statement (I). ($ millions) Amount Sales $83,503 Net income 12,075 Accumulated depreciation

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

($ millions) Amount
Sales $83,503

Net income 12,075

Accumulated depreciation 17,446

Depreciation expense 3,166

Retained earnings 48,986

Property, plant & equipment, net 20,640

Selling, general & administrative expense 25,725

Accounts receivable 6,761

Total liabilities 74,498

Stockholders' equity 69,494

Using the data, compute total assets and total expenses.

Total Assets =
Total Expenses =

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