Classify the following items according to the financial statement on which each belongs, either the income statement or the balance sheet. Also indicate whether each is a revenue, expense, asset , liability, or owners' equity item. Appears on Which Statement (balance sheet or income statement)? AND Type of Account (asset liabity or equity)?

1. Retained earning

2. Balance sheet

3. common stock

4. accounts payable

5. football ticket sales

6. salaries expenses

7. accounts receivable