Exercise 1-8 (Part Level Submission) The following items and amounts were taken from Metlock, Inc.'s 2017 income statement and balance sheet. Cash $ 85,100 Retained earnings 124,400 Cost of goods sold 435,100 Salaries and wages expense 118,800 Prepaid insurance 7,800 Inventory 64,500 Accounts receivable 90,000 Sales revenue 593,100 Notes payable 6,600 Accounts payable 56,700 Service revenue 5,400 Interest expense 1,880 (a) 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 Service revenue Interest expense