Question: (a) Indicate whether each account appears on the balance sheet (B) or income statement (I). ($ millions) Sales Accumulated depreciation Depreciation expense Retained earnings

(a) Indicate whether each account appears on the balance sheet (B) or

(a) Indicate whether each account appears on the balance sheet (B) or income statement (I). ($ millions) Sales Accumulated depreciation Depreciation expense Retained earnings Amount $43,373 | Classification 10,438 B 1,703 I 11,686 B Net income 5,186 I Property, plant & equipment, net 13,104 B Accounts receivable 3,038 B Selling, general & administrative expense 13,009 I Total liabilities 27,520 B Stockholders' equity 16,186 B (b) Using the data, compute total assets and total expenses. Total Assets = $ 75,701 X Total Expenses = $ 24,592 x

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