You are presented with the following alphabetical list of items, selected from the financial statements of Leon's Furniture Limited:

Accounts payable and accrued liabilities..............Interest income

Accounts receivable.................................................Inventory

Buildings Cash and cash equivalents....................Land

Issue of common shares.........................................Equipment

Cost of sales..............................................................Marketable securities

Customers' deposits................................................Retained earnings, beginning of year

Dividends...................................................................Salaries and commissions

Goodwill.....................................................................Sales

Income taxes payable.............................................. Dividends payable

Instructions

(a) Identify the normal balance of each account.

(b) Indicate the financial statement-income statement, statement of changes in equity, or statement of financial position-where each account should be reported and its classification (e.g., current assets, non-current liabilities, revenues, expenses, etc.).