Classifying Balance Sheet and Income Statement Accounts Following are selected accounts for The Procter & Gamble Company for June 30, 2017. a. Indicate the appropriate classification of each account as appearing in either its balance sheet (B) or its income statement (1). ($ millions) Amount Classification Net sales $65,058 1 Income tax expense 3,063 1 Retained earnings 96,124 B Net earnings 15,411 B Property, plant & equipment (net) 19,893 B Selling, general & administrative expense 18,5681 Accounts receivable 4,594 B A A Total liabilities Stockholders' equity Net earnings from continuing operations 64,268 B 56,138 B 10,194 1 b. Using the data, compute its amount for total assets. $