Classification of items Listed below are balances at 30 June 2019. $ Cash at bank XXXXXXXXXXInventory XXXXXXXXXXSales XXXXXXXXXXWages XXXXXXXXXXCost of goods sold XXXXXXXXXXShare capital...

Classification of items Listed below are balances at 30 June 2019. $ Cash at bank 210 000 Inventory 60 000 Sales 210 000 Wages 40 000 Cost of goods sold 70 000 Share capital 140 000 Accounts payable 30 000 1 Classify each account as an asset, liability, revenue, expense or equity. 2 Prepare an income statement for the period ending 30 June 2019. 3 Prepare a balance sheet at 30 June 2019.