Please provide thorough explanation for each labeled section.

Specify, to the left of each account, the letter of the financial statement classification the account would appear in. Use only the classifications shown. a. Current Assets Sales Revenue k. Cost of Goods Sold b. Investments c Property, Plant, and Equipment 1. Operating Expenses d. Intangible Assets m. Other Revenues and Gains other Assets n. Other Expenses and Losses f Current Liabilities o. Extraordinary Item p. Retained Earnings Section g. Long-term Debt h. Capital Stock q. Not on the Statements i. Retained Earnings Account balances taken from the ledger of Morin Company on December 31, 2014 follow: 1. Common Stock, $10 par 16. Inventory 2. Loss on Disposal of Equipment 17. Salaries and Wages Expense 3. Buildings 18. Merchandise on order with supplier 19. Interest Revenue 4. Office Expense 5. Allowance for Doubtful Accounts 20. Selling Expenses 6. Notes Payable (Short Term 21. Interest Expense 7. Accum. Depreciation-Buildings 22. Income Taxes Payable 23. Insurance Expense 8. Mortgage Payable due 2016 9. Depletion Expense 24. Advertising Expense 10. Freight-out 25, Equity Investments 1. Sales Revenue 26. Accounts Receivable 27. Land 12. Dividends 28. Accounts Payable 13. Retained Earnings Dec. 31, 2013 29. Error made in computing 2012 14. Cash depreciation expense 30, Gain on Redemption of 15. Sales Discounts Debt