Question 2: write the financial statement to which each item belongs.

(a)	Common shares/Share capital
(b)	Income tax payable
(c)	Dividends
(d)	Income tax expense
(e)	Ending balance of retained earnings
(f)	Total assets
(g)	Long-term debt
(h)	Revenue
(i)	Selling, general & administrative expenses/operating expenses
(j)	Ending cash balance
(k)	Current liabilities
(l)	Net income

Question 3: Following is an alphabetical list of the assets, liabilities, revenues, and expenses of Keykin Inc. Prepare amulti-step income statement for the year ended December 31, 2018.

Accounts payable$2,800Note payable$4,000

Accounts receivable5,400Rent expense10,200

Advertising expense3,600Salary expense12,100

Cash9,100Salary payable 900

Cost of goods sold31,700Sales revenue75,800

Inventory7,900Supplies1,800

Interest expense800Utilities expense700

Question 4: The following alphabetical listing shows the assets, liabilities, and shareholders' equity for Zap Ltd. as of December 31, 2018. Prepare a classified balance sheet dated December 31, 2018.

Accounts payable$12,200Inventory$23,500

Accounts receivable21,000Note payable11,000

Cash21,600Retained earnings17,100

Share capital50,600Salary payable 2,300

Equipment24,600Supplies2,500