III. Matching Determine whether each of the following items should be included as a component of income, reported in the statement of retained earnings, or not reported in either the income statement or the statement of retained earnings.

a. Net sales

b. Cost of goods sold

c. Operating expenses

d. Other revenues and gains

e. Other expenses and losses

f. Income taxes on continuing operations

g. Discontinued operations

h. Extraordinary items

i. Cumulative effects of changes in accounting principles

j. Not reported in income statement or statement of retained earnings

____ 21. Interest Revenue

____ 22. Sales Returns & Allowances

____ 23. Loss on Sale of Investments

____ 24. Accumulated Depreciation--Machinery & Equipment

____ 25. Advertising Expense

____ 26. Loss from Operations of Discontinued Segment

____ 27. Doubtful Accounts Expense

____ 28. Dividend Revenue

____ 29. Allowance for Doubtful Accounts

____ 30. Interest Expense

____ 31. Depreciation Expense on Office Furniture

____ 32. Gain on Sale of Plant Assets

____ 33. Comprehensive Income

____ 34. Income Taxes--Current Provision

____ 35. Purchase Discounts