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Book: Financial Management: Principles and Applications Edition: 13th Authors: Sheridan Titman, Arthur Keown, John D Martin Q 3-13 (Reviewing financial statements) Prepare a balance sheet and income statement for TNT, Inc., from the following scrambled list of items: Depreciation expense Cash Long-term debt Sales Accounts payable General and administrative expense Buildings and equipment Notes payable Accounts receivable Interest expense Accruedexpenses Common stock Cost of goods sold Inventory Taxes Accumulated depreciation Taxes payable Retained earnings $ 99,000 337.500 501,000 859500 153,000 118,500 1,342,500 113,850 251,250 7.125 11,850 433.500 445,500 148,950 75,750 394,500 79500 393,000 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