For each item, indicate: (1) type of account (2) whether it is reported on the income statement (I/S), or the balance sheet (B/S) and (3) Account Name (2) (3) (1) Type of Account Reported Account on (I/S) Name or (B/S) Description 1. Amount earned on savings and loans to others. 2. The right to collect from customers for prior sales on credit 3. Goods on hand that are being held for resale 4. Cost of intangible assets used up or expired during the period 5. Amount paid for rent relating to future periods 6. Amount borrowed from lenders by signing a promissory note 7. Amount of stock which is bought back by the issuing company and reduces the amount of outstanding stock. 8. Cost of products sold in the ordinary course of business 9. Amount of earnings distributed to shareholders 10. Amounts (customer deposits) received in advance of providing goods or services to customers