After examining all the following information, provide a DETAILED comment on the financial position of the firm, making it as detailed as possible

Req.3 6,78,100.00 9,600.00 6,87,700.00 Carlton Tennis Club Income Statement For The Year Ended June 30, 2014 Revenue Revenue From Court Fees Revenue From Locker Fees Total Revenue Expenses Wages Expense Maintenance Expense Advertising Expense Utilities Expense Supplies Expense Depreciation Expense - Building Depreciation Expense - Equipment Property Taxes Expense Miscelleneous Expense Total Expenses Net Income 351000 51600 39750 64800 6000 30000 12000 22500 6900 5,84,550.00 1,03,150.00 Carlton Tennis Club Statement of Owner's Equity For The Year Ended June 30, 2014 J. Kojas, Capital, June 30, 2013 Add: Net Income Less: Withdrawals J. Kojas, Capital, June 30, 201 4,71,150.00 1,03,150.00 54,000.00 5,20,300.00 26,200.00 9,600.00 1,200.00 1,00,000.00 3,85,200.00 Carlton Tennis Club Balance Sheet June 30, 2014 Assets Cash Prepaid Advertising Supplies Land Building Less: Accumulated Depreciation - Building 2 Equipment Accumulated Depreciation - Equipment Total Assets Liabilities Accounts Payable Wages Payable Property Tax Payable Unearned Revenue-Locker Fees Total Liabilities Owner's Equity J. Kojas, Capital Total Liablities and Owner's Equity 6,45,200.00 ,60,000.00 1,56,000.00 50,400.00 1,05,600.00 6,27,800.00 73,000.00 9,000.00 22,500.00 3,000.00 1,07,500.00 5,20,300.00 6,27,800.00 Carlton Tennis Club Adjusted Trial Balance June 30, 2014 Cash 26.200 Prepaid Advertising 9.600 Supplies 1.200 Land 100.000 Building 645.200 Accumulated Depreciation - Building 260.000 Equipment 156.000 Accumulated Depreciation - Equipment 50.400 Accounts Payable 73.000 Wages Payable 9.000 Property Taxes Payable 22.500 Uneamed Revenue - Locker Fees 3.000 J. Kojas, Capital 471.150 J. Kojas, Withdrawals 54.000 Revenue from Court Fees 678.100 Revenue from Locker Fees 9.600 Wages Expense 351.000 Maintenance Expense 51.600 Advertising Expense 39.750 Utilities Expense 64.800 Supplies Expense 6.000 Depreciation Expense - Building 30.000 Depreciation Expense - Equipment 12.000 Property Taxes Expense 22.500 Miscellaneous Expense 6.900 1.576.750 1.576.750