For each item below, indicate to which category of elements of financial statements it belongs. (a) retained earnings entry field with incorrect answer now contains modified data (b) sales entry field with correct answer (c) additional paid-in capital entry field with incorrect answer now contains modified data (d) inventory entry field with correct answer (e) depreciation entry field with incorrect answer (f) loss on sale of equipment entry field with correct answer (g) interest payable entry field with incorrect answer (h) dividends entry field with correct answer (i) gain on sale of investment entry field with correct answer (j) issuance of common stock entry field with correct answer

1. list five staple convenience goods that you or your household buys on a regular basis. (you do not need to use complete sentences. 2.5 points) 2. list three impulse convenience goods that you or someone you know has purchased. (you do not need to use complete sentences. 2.5 points) 3. describe a shopping good that you or someone you know purchased. what kind of research did you or that person do before buying the product? (1-5 sentences. 3.0 points) 4. choose an example of a company you could start, and decide which business structure would make the most sense for that type of company (sole proprietorship, partnership, llc, c corporation, s corporation, or nonprofit corporation). explain why this structure would be good for this type of company. give at least 3 reasons. (3-6 sentences. 6.0 points) 5. if you were starting a new business, describe at least three departments to the company that you would need right away. why are these departments so important? (1-5 sentences. 3.0 points) 6. describe a product that you think has saturated its market. what makes you think it has saturated its market? (1-5 sentences. 3.0 points)