CLICK HERE TO REVIEW LEARNING OBJECTIVES QUESTION 3 Not yet answered Marked out of 1.00 PFlag question Classifying Balance Sheet and Income Statement Accounts Following are selected accounts for The Procter & Gamble Company for June 30, 2014 a. Indicate the appropriate classification of each account as appearing in either its balance sheet (B) or its income statement (1). Pesos thousands) Amount Classification Net sales $83,062 Income tax expense 3,178 Retained earnings 84,990 Net earnings 11,785 Property, plant & equipment (net) 22,304 Selling, general & administrative expense 25,314 Accounts receivable 6,386 Total liabilities 74,290 Stockholders' equity 69,976 Net earnings from continuing operations 11,707 b. Using the data, compute its amount for total assets. $