ASSIGNMENT #3 - Income Statement PARTI List the statement on which each of the following items may appear. Choose from (A) income statement, (B) balance sheet, or (C) neither. a. Net income 1. Interest payable b. Cost of goods sold m. Loss from flood c. Gross profit n. Land d. Retained earnings 0. Taxes payable e. Paid-in capital in excess of par p. Interest income f. Sales 4. Gain on sale of property g. Supplies expense r. Dividend income h. Investment in G. Company s. Depreciation expense i. Dividends t. Accounts receivable j. Inventory u. Accumulated depreciation k. Common stock v. Sales commissions PART