A prepare income statement

B prepare balance sheet

C what can you say about the firms financial condition

(Reviewing financial statements) Prepare a balance sheet and income statement for TNT, Inc., from the scrambled list of items found here: a. Prepare an income statement for TNT. b. Prepare a balance sheet for TNT. c. What can you say about the firm's financial condition based on these financlal statements? \begin{tabular}{lr} \hline Depreciation expense & $99,000 \\ Cash & 336,700 \\ Long-term debt & 500,500 \\ Sales & 858,600 \\ Accounts payable & 152,300 \\ General and administrative expense & 117,600 \\ Buildings and equipment & 1,343,100 \\ Notes payable & 112,100 \\ Accounts receivable & 250,865 \\ Interest expense & 7,105 \\ Accrued expenses & 11,900 \\ Common stock & 433,300 \\ Cost of goods sold & 444,800 \\ Inventory & 149,095 \\ Taxes & 76,210 \\ Accumulated depreciation & 393,800 \\ Taxes payable & 21,130 \\ Retained earnings & 454,730 \\ \hline \end{tabular}