Tootsie Roll Industries manufactures and sells more than 64 million Tootsie Rolls and 20 million Tootsie Roll Pops each day. The following items were listed on Tootsie Roll’s recent income statement and balance sheet. For each item, select the type of account (A = asset, L = liability, SE = stockholders’ equity, R = revenue, E = expense) and whether it is reported on the income statement (l/S) or balance sheet (B/S)Show transcribed image text Tootsie Roll Industries manufactures and sells more than 64 million Tootsie Rolls and 20 million Tootsie Roll Pops each day. The following items were listed on Tootsie Roll’s recent income statement and balance sheet. For each item, select the type of account (A = asset, L = liability, SE = stockholders’ equity, R = revenue, E = expense) and whether it is reported on the income statement (l/S) or balance sheet (B/S)
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