__ For each of the following items, indicate whether they would be reported in the balance sheet (3) . Retained on c. Depreciation expense LO1, 2 income statement (1). M2-20. Identifying and Classifying Financial Statement Items i. Taxes expense Cost of goods sold k Long-term debt 1. Treasury stock Common stock f. Factory buildings & Receivables Taxes payable MBC 4. Machinery b. Supplies expense c. Inventories d. Sales R