dentifying and Classifying Balance Sheet and Income Statement Accounts Following are selected accounts for Target Corporation. (a) Indicate whether each account appears on the balance sheet (B) or income statement (I). ($ millions) Amount Classification Sales $61,471 Answer I Accumulated depreciation 7,887 Answer B Retained earnings 12,761 Answer B Depreciation expense 1,659 Answer I Net income 2,849 Answer I Property, plant