The following accounts appeared in recent financial statements of Air Canada:

Accounts Payable and Accrued Liabilities ………    Property and Equipment

Aeroplan Miles Obligation ……………………….    Airport and Navigation Fees

Aircraft Fuel Expense …………………………….   Passenger Revenue

Cargo Revenue ……………………………………  Deposits and Other Assets

Commissions ……………………………………...   Spare Parts, Materials, and Supplies

Identify each account as either a balance sheet account or an income statement account. For each balance sheet account, identify it as an asset, a liability, or owner’s equity. For each income statement account, identify it as a revenue or an expense.