Question: 2. The following lettered items represent a classification scheme for a multistep income statement. In the blank next to each account, write the letter indicating

2. The following lettered items represent a classification scheme for a multistep income statement. In the blank next to each account, write the letter indicating to which category it belongs. a. Revenue b. Cost of goods sold c. Selling expenses d. General and administrative expenses e. Other revenues and expenses f. Not on income statement _____1. Interest Income _____2. Accumulated Depreciation _____3. Sales Returns and Allowances _____4. Inventories _____5. Company Presidents Salary _____6. Utilities Expense for Store _____7. Interest Expense _____8. Freight-Out Expense _____9. Office Salaries Expense for Headquarters ____10. Interest Receivable

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