Income statement, Balance sheet and firm's 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 financial statements? 6 TNT Inc. Income Statement Revenues $ Gross Profit $ $ Net Operating Income S Earnings before Taxes $ Net Income $ Data Table Depreciation expense Cash Long-term debt Sales Accounts payable General and administrative expense Buildings and equipment Notes payable Accounts receivable Interest expense Accrued expenses Common stock Cost of goods sold Inventory Taxes Accumulated depreciation Taxes payable $99,000 337,500 501,000 859,500 153,000 118,500 1,342,500 112,500 251,250 7,125 11,850 433,500 445,500 148.950 75.750 394,500 21.750