Problem 2. See textbook, page 26 - 31. Indicate whether item is on balance sheet (BS) or income statement (LS). If on balance sheet, designate which category [current assets (CA), fixed assets (FA), Current liabilities (CL), long-term liabilities (LL), stockholders' equity (SE). Indicate whether item is om balance sheet (BS) or income statement (IS) If item is on balance sheet, designate category (CA, FA CL, LL, SE) Item . Accounts payable Accounts receivable Accumulated depreciation Administrative expenses Allowance for bad debts Bad debt expense Bonds payable Buildings Cash Common stock Cost of goods sold Depreciation expense Dividends payable Equipment Income tax expen ayable aze pa abie Notes panable Prepand insurance