Kimmel, Financial Accounting, 8e & Practice Assignment Gradebook ORION Downloadable eTextbook Assignment JRCES Study Exercise 1-8 The following items and amounts were taken from Skysong, Inc.'s 2017 income statement a Cash Retained earnings Cost of goods sold $94,300 122,000 438,800 Salaries and wages expense 118,800 Prepaid insurance 8,100 Inventory 64,700 Accounts receivable 87,400 Sales revenue 583,700 Notes payable 6,800 Accounts payable 53,200 Service revenue 5,400 Interest expense 1,850 In each case, identify whether the item is an asset, liability, stockholders' equity, revenue, or ex ype here to search Cash Retained earnings Cost of goods sold Salaries and wages expense Prepaid insurance 0 a BD ed, Study & Practice Assignment Gradebook ORION >Open Assignment Downloadable eTextbook IT RESOURCES HW Fore sults by Study Retained earnings Cost of goods sold Salaries and wages expense Prepaid insurance Inventory Accounts receivable Sales revenue V 3 Notes payable Accounts payable v Service revenue 3 Interest expense Prepare an income statement for Skysong, Inc. for the year ended December 31, 201 Skysong, Inc. Income Statement Type here to search Study & Practice Assignment Gradebook ORION Open Assignment V RESOURCES alts by Study Be Downloadable eTextbook Income Statement Click if you would like to Show Work for this question: Qeen Show Work Type here to search