Mac. Quare cDonald's face from a tean E1-24 Financial statement items Though the McDonald's (MCD) menu of hamburgers, cheese gers, cheeseburgers, the Big Maco ; Filet-O-Fish, and Chicken McNuggets is easily recognized, McDonald statements may not be as familiar. The following items were adapted from a annual report of McDonald's Corporation: 1. Accounts payable 11. Net income 2. Accrued interest payable 12. Net increase in cash 3. Cash 13. Notes payable 4. Cash provided by operations orations 14. Notes receivable 5. Common Stock 15. Occupancy and rent expense 6. Food and packaging costs used in operations 16. Payroll expense 7. Income tax expense 17. Prepaid expenses not yet used in operations 8. Interest expense 18. Property and equipment 9. Inventories 19. Retained earnings 10. Long-term debt payable 20. Sales Identify the financial statement on which each of the preceding items would appear. An item may appear on more than one statement. Use the following notations: IS SE BS SCF Income statement Statement of stockholders' equity Balance sheet Statement of cash flows