A scrambled list of accounts from the income statement and balance sheet of Belmond, Inc. is found here:

Inventory 6,490

Common stock 45,000

Cash 16,550

Operating expenses 1,400

Short-term notes payable 570

Interest expense 850

Depreciation expense 470

Sales 12,710

Accounts receivable 9,630

Accounts payable 4,770

Long-term debt 54,610

Cost of goods sold 5,780

Buildings and equipment 121,650

Accumulated depreciation 33,790

Taxes 1,440

General and administrative expense 850

Retained earnings ?

a.How much is the firm's net working capital?

b.Complete an income statement and a balance sheet for Belmond.

c. If you were asked to respond to parts (a) and (b) as part of a training exercise, what could you tell your boss about the company's financial condition based on your answers?