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).

Best Buy, Inc. ($ millions)	Amount	Classification
Sales	$42,879	AnswerBI
Accumulated depreciation	6,690	AnswerBI
Depreciation expense	770	AnswerBI
Retained earnings	2,985	AnswerBI
Net income	1,464	AnswerBI
Property, plant & equipment, net	2,510	AnswerBI
Selling, general and admin expense	8,015	AnswerBI
Accounts receivable	1,015	AnswerBI
Total liabilities	9,595	AnswerBI
Stockholders' equity	3,306	AnswerBI

(b) Using the data, compute total assets and total expenses.

Total Assets	Answer
Total Expenses	Answer