You will normally find Retained Earnings listed ________.

		on the balance sheet as an equity account
		on the balance sheet as a liability account
		on the income statement
		on the balance sheet as an asset account

1. You will normally find Taxes Payable listed ________.

   		on the income statement
   		on the balance sheet as a liability account
   		on the balance sheet as an asset account
   		on the balance sheet as an equity account