Mark each of the accounts listed in the following table as follows:
a. In column (1), indicate in which statement the account belongs: income statement (IS) or balance sheet (BS)
b. In column (2), indicate whether the account is a current asset (CA), current liability (CL), expense (E), fixed asset (FA), long-term debt (LTD), revenue(R), or stockholders' equity (SE).
Account Name Statement Type of account
Common stock (at par)
Cost of goods sold
Paid-in capital in excess of par
Preferred stock dividends