Exercise 1-10 The following items and amounts were taken from Sandhill Co.'s 2022 income statement and balance sheet. Cash Retained earnings Cost of goods sold Salaries and wages expense Prepaid insurance Inventory $ 94,100 Accounts receivable $ 90,900 125,000 Sales revenue 585,100 439,400 Notes payable 6,900 115,900 Accounts payable 56,200 7,900 Service revenue 5,500 64,000 Interest expense 1,890 In each case, identify whether the item is an asset, liability, stockholders' equity, revenue, or expense item. Cash Retained earnings Cost of goods sold Salaries and wages expense Prepaid insurance Inventory Accounts receivable Sales revenue Notes payable Accounts payable