Classify each of the following accounts as to whether it appears on the income statement (IS), the balance sheet (BS) or owner’s equity statement (OE) _____1.      Merchandise Inventory                     _____ 6.  Int.  Revenue               ____11. Wales, Drawing   _____2.      Accumulated Depreciation—Truck   _____ 7.  Interest Receivable      ____12. Wales, Capital   _____3.      Depreciation Expense                      _____ 8.  Notes Receivable        ____13. Sales Discounts   _____4.      Cost of Goods Sold                        _____ 9. Interest Expense        ____14. Prepaid Insurance   _____5.      Unearned Revenue                        _____10. Freight Out               _____15. Sales

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