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5/51232/assignments/679680?module item id=1348538 Question 1 iew Policies Current Attempt in Progress The following items and amounts were taken from Sunland Company's 2022 income statement and balance sheet. $87,200 Accounts receivable $ 88,700 Cash Retained earnings 123,500 Sales revenue 582,200 436,000 Notes payable Cost of goods sold 6,700 54,500 Salaries and wages expense 116,500 Accounts payable 5,700 8,100 Service revenue Prepaid insurance 1,850 64,100 Interest expense Inventory In each case, identify whether the item is an asset, liability, stockholders' equity, revenue, or expense item. Cash Retained earnings edanos.instructure.com/courses/51232/assignments/679680?module item id=1348538 In each case, identify whether the item is an asset, liability, stockholders' equity, revenue, or expense item. Cash Retained earnings Cost of goods sold Salaries and wages expense Prepaid insurance Inventory Accounts receivable Sales revenue Notes payable Accounts payable Service revenue nstructure.com/courses/51232/assignments/679680?module_item_id=1348538 Inventory Accounts receivable Sales revenue Notes payable Accounts payable Service revenue Interest expense eTextbook and Media List of Accounts - Week 2: Chapter 1: Hom X smedanos.instructure.com/courses/51232/assignments/679680tmodule item id=1348538 Prepare an income statement for Sunland Company for the year ended December 31, 2022. SUNLAND COMPANY Income Statement eTextbook and Media a