INSTRUCTIONS - For each of the following twenty (20) accounts of Absorka Company, indicate which financial statement the item belongs on, the classification or sub-classification (for assets & liabilities) of the account and the account's normal balance. The first row is an example. Financial Statements: Balance Sheet (BS), Income Statement (IS), Retained Earnings Statement (RE) Account Classification (if an account is a contra account, be sure to state "contra" in front of the account classification, i.e. contra long-term liability): Current asset (CA), long-term investment(LTI), property, plant & equipment (PPE), intangible asset (IA), other long-term asset (OLTA) Current liability (CL) or long-term liability (LTL) Stockholder's Equity (SE) Dividend (Div) Revenue (Rev) Expense (Exp) Financial Statement BS Account classification Normal Balance (Debit indicate if contra or Credit) Contra LTL Debit Account Bond Discount 1. Sales revenue 2. Office supplies 3. Dividends 4. Accounts receivable 5. Common stock 6. Allowance for doubtful accounts 7. Interest pavable 8. Equipment 9. Supplies expense 10. Accumulated Depreciation - Equipment 11. Salaries pavable 12. Sales Discount 13. Cost of goods sold 14. Note payable, due in 5 2 years 3 15. Patent 4 16. Accounts payable 5 17. Depreciation expense 18. Retained earnings, 16 beginning of period 17 19. Unearned Revenue 18 20. Prepaid expenses