Classify each of the following items as revenues (R), expenses 1. Cost of sales 4. Owner withdraw 2. Service revenue 5. Rent expense 3. Wages expense 6. Rental revenue Classify each of the following items as assets (A), liabilities (L 1. Land 3. Equipment 2. Owner, Capital 4. Accounts payabl On December 31, Hawkin's records show the following ac December income statement for Hawkin. Classify each of the following items as assets (A), liabilities (L), or equity (EQ). 1. Land 3. Equipment 5. Accou 2. Owner, Capital 4. Accounts payable 6. Suppli On December 31, Hawkin's records show the following accounts. Use this informa December income statement for Hawkin. $3,000 2,400 1,500 Equipment Cash.... Rent expense. Accounts receivable Services revenue Accounts payable.. $ 600 16,000 6,000 Wages expense... Utilities expense.. na recent year's financial statements, Home Depot reported the following results. Com Lome Depot's return on assets (assume competitors average an 11.0% return on assets $8 billion Average total assets Net income. $95 billion Sales