This question has 2 parts. Can you please do both

Question 3 Skysong, Inc.is the world's leading producer of ready-to-eat cereal and a leading producer of grain-based convenience foods such as frozen waffles and cereal bars. Suppose the following items were taken from its 2017 income statement and balance sheet. (All dollars are in millions.) Retained earnings $5,900 7,080 Selling and administrative expenses 3,600 340 60 300 4,300 840 12,900 1,160 110 550 Cost of goods sold Cash Notes payable Interest expense Bonds payable Inventory Sales revenue Accounts payable Common stock Income tax expense In each case, identify whether the item is an asset, liability, stockholders' equity, revenue, or expense. Retained earnings Cost of goods sold