Page Break 1. Financial Statement Classifications (10 marks) Financial statement classifications used by Cashew Corp. follow: Statement of Financial PositionIncome or Retained Earnings Statement a.Current Assetsj. Sales Revenue b.Investmentsk. Cost of Goods Sold C.Property, Plant, and Equipmenti. Operating Expenses d.Intangible Assetsm. Other Revenues and Gains e.Other Assetsn.Other Expenses and Losses 1. Current Liabilities. Retained Earnings 9.Long-term Debtp. Not on the statements h. Capital Shares 1. Retained Earnings Instructions Specify, to the left of each account or item below, the letter of the financial statement classification the account would appear in. Use only the classifications shown. Page Break 1. Financial Statement Classifications (10 marks) Financial statement classifications used by Cashew Corp. follow: Statement of Financial PositionIncome or Retained Earnings Statement a.Current Assetsj. Sales Revenue b.Investmentsk. Cost of Goods Sold C.Property, Plant, and Equipmenti. Operating Expenses d.Intangible Assetsm. Other Revenues and Gains e.Other Assetsn.Other Expenses and Losses 1. Current Liabilities. Retained Earnings 9.Long-term Debtp. Not on the statements h. Capital Shares 1. Retained Earnings Instructions Specify, to the left of each account or item below, the letter of the financial statement classification the account would appear in. Use only the classifications shown