For each of the following items in Procter & Gambles financial statements, indicate (1) whether it is reported in the income statement (I/S) or balance sheet (B/S) and (2) whether it is an asset (A), liability (L), stockholders equity (SE), revenue (R), or expense (E) account. The first item is given as an example. LO 1-2 Procter & Gamble Item (1) Statement (2) Account Type (Example) Cash B/S A 1. Accounts Payable 2. Accounts Receivable 3. Income Tax Expense 4. Sales Revenue 5. Notes Payable 6. Retained Earning