For each transaction, indicate whether the related account would be classified in the balance sheet as (a) an asset, (b) a liability, or (c) stockholders' equity: in the income statement as (d) a revenue or (e) an expense; or in the statement of stockholders' equity as (0) a dividend. P1-3B Gator Investments provides financial services related to investment selections, retirement planning, and general insurance needs. For the current year, the company reports the following amounts: Advertising expense33,500 Building Salaries expense $127,600 3,500 15,500 27,000 30,000 Service revenue CHAPTER 1 A Framework for Financial Accounting 50,000 Interest expense 65, 100 Utilities expense Accounts payable Cash 6,400Equipment 5.500 Notes payabie In addition, the company had common stock of $100,000 at the beginning of the year and issued an additional $11,000 during the year. The company also had retained earnings of 530,300 at the beginning of the year and paid dividends of $5,200