Kindly solve this question with complete steps. Emphasize on part c and explain

Listed below in random order are the items to be included in the balance sheet of KLW labs, Inc. at December 31, 2016: Values of capital asset are book value net. Buildings $300,000 Capital Stock (Shares)... Land Accounts Payable....40,100 510,000 100,000 Office Furnishings 47,200 Instructions a. Prepare a balance sheet at December 31, 2016. Include a proper heading and organize your balance sheet using proper format. You will need to compute the amount to be shown for retained earnings. 6points) Assume that no payment or interest is due on the notes payable until 2018. Does this balance sheet indicate that the company is in a strong financial position as of December 31, 2016? Explain briefly. b. (4 points) Comment on the liquidity and financial position of the firm. Be sure to consider and define the value of the assets when defining these performance terms. (4 points) c