Question 10 of 10 < > The following items and amounts were taken from Sandhill Inc's 2025 income statement and balance sheet. Cash $91,800 Accounts receivable $89,200 Retained earnings 123,900 Sales revenue 582,600 Cost of goods sold 436,700 Notes payable 6,600 Salaries and wages expense 118,100 Accounts payable 50,600 Prepaid insurance 7,900 Service revenue 5,200 Inventory 64,900 Interest expense 1,850 (a) Your answer is correct. In each case, identify whether the item is an asset, liability, stockholders' equity, revenue, or expense item. Asset Cash Stockholders' Equity Retained earnings Expense Cost of goods sold Expense Salaries and wages expense 0.5/1