Problem 1-4A Slipstream Ltd. reports the following list of accounts, in alphabetical order:

Classify each account as an Asset, Liability, Share Capital, Revenue, or Expense item.

		Classification
Accounts payable			ExpenseShare CapitalRevenueAssetLiability
Accounts receivable			Share CapitalAssetLiabilityRevenueExpense
Bank indebtedness			RevenueShare CapitalLiabilityExpenseAsset
Bank loan payable			ExpenseAssetShare CapitalLiabilityRevenue
Cash			Share CapitalRevenueExpenseAssetLiability
Common shares			LiabilityRevenueAssetShare CapitalExpense
Equipment			ExpenseLiabilityRevenueAssetShare Capital
Goodwill			RevenueExpenseShare CapitalLiabilityAsset
Income tax expense			LiabilityExpenseRevenueAssetShare Capital
Income tax payable			AssetRevenueExpenseShare CapitalLiability
Interest expense			Share CapitalLiabilityRevenueExpenseAsset
Office expense			RevenueExpenseAssetShare CapitalLiability
Prepaid insurance			ExpenseLiabilityAssetRevenueShare Capital
Rent expense			Share CapitalLiabilityRevenueExpenseAsset
Repair and maintenance expense			Share CapitalExpenseAssetLiabilityRevenue
Salaries payable			ExpenseShare CapitalRevenueAssetLiability
Service revenue			Share CapitalRevenueExpenseLiabilityAsset
Supplies			LiabilityAssetShare CapitalRevenueExpense
Vehicles			ExpenseAssetLiabilityRevenueShare Capital

Identify on which financial statement(s)Income Statement, Statement of Changes in Equity, and/or Statement of Financial Positioneach account would be reported.

		Financial Statement
Accounts payable		Statement of Financial PositionStatement of Financial Position and Statement of Changes in EquityIncome StatementStatement of Changes in Equity
Accounts receivable		Income StatementStatement of Changes in EquityStatement of Financial Position and Statement of Changes in EquityStatement of Financial Position
Bank indebtedness		Income StatementStatement of Financial PositionStatement of Changes in EquityStatement of Financial Position and Statement of Changes in Equity
Bank loan payable		Income StatementStatement of Financial PositionStatement of Changes in EquityStatement of Financial Position and Statement of Changes in Equity
Cash		Statement of Financial PositionStatement of Financial Position and Statement of Changes in EquityIncome StatementStatement of Changes in Equity
Common shares		Statement of Changes in EquityStatement of Financial PositionStatement of Financial Position and Statement of Changes in EquityIncome Statement
Equipment		Income StatementStatement of Financial Position and Statement of Changes in EquityStatement of Financial PositionStatement of Changes in Equity
Goodwill		Income StatementStatement of Financial PositionStatement of Changes in EquityStatement of Financial Position and Statement of Changes in Equity
Income tax expense		Statement of Financial PositionStatement of Changes in EquityStatement of Financial Position and Statement of Changes in EquityIncome Statement
Income tax payable		Statement of Financial PositionStatement of Changes in EquityStatement of Financial Position and Statement of Changes in EquityIncome Statement
Interest expense		Statement of Changes in EquityStatement of Financial PositionStatement of Financial Position and Statement of Changes in EquityIncome Statement
Office expense		Statement of Financial Position and Statement of Changes in EquityStatement of Financial PositionIncome StatementStatement of Changes in Equity
Prepaid insurance		Statement of Financial PositionIncome StatementStatement of Changes in EquityStatement of Financial Position and Statement of Changes in Equity
Rent expense		Statement of Financial Position and Statement of Changes in EquityStatement of Financial PositionIncome StatementStatement of Changes in Equity
Repair and maintenance expense		Income StatementStatement of Financial PositionStatement of Changes in EquityStatement of Financial Position and Statement of Changes in Equity
Salaries payable		Statement of Financial Position and Statement of Changes in EquityStatement of Financial PositionIncome StatementStatement of Changes in Equity
Service revenue		Income StatementStatement of Financial Position and Statement of Changes in EquityStatement of Financial PositionStatement of Changes in Equity
Supplies		Statement of Financial PositionStatement of Changes in EquityStatement of Financial Position and Statement of Changes in EquityIncome Statement
Vehicles