The following accounts appeared in recent financial statements of Delta Air Lines (DAL):

Accounts Payable........................................................Flight Equipment

Advanced Payments for Equipment......................Frequent Flyer (Obligations)

Air Traffic Liability......................................................Fuel Inventory

Aircraft Fuel (Expense).............................................Landing Fees (Expense)

Aircraft Maintenance (Expense)...........................Parts and Supplies Inventories

Aircraft Rent (Expense)...........................................Passenger Commissions (Expense)

Cargo Revenue..........................................................Passenger Revenue

Cash...............................................................................Prepaid Expenses

Contract Carrier Arrangements (Expense)..................Taxes Payable

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 stockholders’ equity. For each income statement account, identify it as a revenue or an expense.