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1 Classifying Items in Financial Statements Next to each item, indicate whether it would most likely be reported on the balance sheet (B), the income statement (1), or the statement of stockholders' equity (SE). a. Cash (year end balance) B b. Advertising expense C. Common stock B, SE d. Printing fees earned B, 1 e. Dividends B, SE f. Accounts payable B, SE g. Inventory h. Equipment B, SE