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Identifying and Classifying Balance Sheet and Income Statement Accounts Following are selected accounts for Best Buy, Inc., for the fiscal year ended February 2,

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Identifying and Classifying Balance Sheet and Income Statement Accounts Following are selected accounts for Best Buy, Inc., for the fiscal year ended February 2, 2019. (a) Indicate whether each account appears on the balance sheet (B) or income statement (I). Classification Best Buy, Inc. ($ millions) Amount Sales $42,879 Accumulated depreciation 6,690 Depreciation expense 770 Retained earnings 2,985 " Net income 1,464 Property, plant & equipment, net 2,510 Selling, general and admin expense 8,015 Accounts receivable 1,015 0 Total liabilities 9,595 3,306 Stockholders' equity (b) Using the data, compute total assets and total expenses. Total Assets $ Total Expenses = $

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