Need help with Questions 5 and 6 please

QUESTION 5 Which statement is true? O The cost of renting property is an expense on the income statement Accounts payable is a long-term liability on the statement of cash flows. The amount earned from sales is classified as net income on the income statement. y> | Purchased land is in the asset section (property, plant, and equipment) on the income statement. QUESTION 6 Which statement is true? O Prepaid insurance is a current asset on the balance sheet Issuance of ownership shares is classified in the stockholders' equity section of the statement of retained earnings. Unearned service revenue is a current asset in the balance sheet Retained earnings is in the stockholders' equity section of the income statement