Need help with this accounting question. Left side is what kind of component it is( Revenues, Owners equity, expenses, profit, liabilities, assets) pick one. And second is if its Balance sheet or Income statement, pick one.

ssignment FULL SCREEN PRINTER VERSION BACK CES Brief Exercise 1-7 For each of the following description choose the correct component and indicate if the component is reported on the balance sheet or income statement. Balance Sheet or Income Statement Description Component (a) The increase in assets, or decrease in liabilities, resulting from business activities carried out to earn profit. (b) Resources controlled by a business that are expected to provide future economic benefits. Revenues (c) The owner's claim on the residual assets of the company. Owner's Equity (d) Present obligations which are expected to result in an outflow of economic resources as a result of a past transaction. Expenses Profit (e) The cost of resources consumed or services used in the company's business activities. Liabilities Assets Question Attempts: 0 of 3 used SAVE FOR LATER SUBMITA