Please also explain overall criteria(s) by which you are marking the items. So, just overall explanation of why this segment includes these exact items, explanation of the classification, would be great. That would really help me out for learning. Thank you!

Tootsie Roll Industries is engaged in the manufacture and sale of candy. Major products include Tootsie Roll, Tootsie Roll Pops, Tootsie Pop Drops, Tootsie Flavor Rolls, Charms, and Blow-Pop lollipops. The following items were listed on Tootsie Roll's recent income statement and balance sheet. Mark each item from the balance sheet as an asset (A), liability (L), or shareholders' equity (SE) and each item from the income statement as a revenue (R) or expense (E) (1) Notes payable to banks (2) General and administrative (3) Accounts payable (4) Dividends payable (5) Retained earnings (6) Cash and cash equivalents (7) Accounts receivable (8) Provision for income taxes* (9) Cost of goods sold (10) Machinery and equipment (11) Net sales (12) Inventories (13) Marketing, selling, and advertising (14) Buildings (15) Land (16) Income taxes payable (17) Distribution and warehousing costs (18) Investments (in other companies)