The following items and amounts were taken from Wildhorse Co.’s 2017 income statement and balance sheet. Cash $89,400
Retained earnings 120,000
Cost of goods sold 438,800
Salaries and wages expense 118,500
Prepaid insurance 8,100
Inventory 64,900
Accounts receivable 91,000
Sales revenue 587,700
Notes payable 6,100
Accounts payable 51,200
Service revenue 5,100
Interest expense 1,810

In each of the following case, identify whether the item is an asset, liability, stockholders' equity, revenue, or expense item.

a. Cash
b. Retained earnings
c. Cost of goods sold
d. Salaries and wages expense
e. Prepaid insurance
f. Inventory
g. Accounts receivable
h. Sales revenue
i. Notes payable
j. Accounts payable
k. Service revenue
l. Interest expense