For each account title given, identify the financial statement element used for ASPE reporting within which it would directly be reported on the financial statements. A financial statement element can be used more than once. Notes Payable, Long-Term Portion Answer 1 Salaries Expense Answer 2 Accounts Payable Answer 3 Common Shares Answer 4 Unearned Revenue Answer 5 Gain on Sale of Assets Answer 6 Sales Returns and Allowances Answer 7 Cash and Cash Equivalents Answer 8 Retained Earnings