Identify each of the following accounts as a component of asset (A), liabilities (L), or equity (E).AccountBalance sheet section.a.Cash and cash equivalentsAnswerAssets Equity Liabilitiesb. Wages payableAnswerAssets Equity Liabilitiesc. Common stockAnswerAssets Equity Liabilitiesd. EquipmentAnswerAssets Equity Liabilitiese. Long-term debtAnswerAssets Equity Liabilitiesf. Retained earningsAnswerAssets Equity Liabilitiesg. Additional paid-in capitalAnswerAssets Equity Liabilitiesh. Taxes payableAnswerAssets Equity Liabilities