E2-3 (Balance sheet or income statement account?) Listed below are accounts that may appear on either the balance sheet or the income statement.

a. Equipment j- Prepaid Expense

b. Fees Earned k. Gain on Sale of Short-Term Investments

c. Retained Earnings 1. Rent Revenue

d. Wage Expense m. Supplies Inventory

e. Patent n. Accounts Receivable

f. Cost of Goods Sold 0. Land g- Common Stock P- Insurance Expense h. Dividend Payable q- Interest Payable i. Accumulated Depreciation r. Deferred Revenue REQUIRED: For each account, indicate whether a company would ordinarily disclose the account on the balance sheet or the income statement. m