Identify whether each account would appear on the Balance Sheet or the Income Statement.

The income statement shows the income items and expense items that are earned by a company for an accounting period. The balance sheet shows assets, liabilities, and the ending balances of equity items. The statement of changes in stockholders equity shows the changes of equity accounts, such as retained earnings and common stock, from its beginning balance to its ending balance. The statement of cash flows shows the inflow and outflow of cash for an accounting period.