Prepare a balance sheet and income statement for TNT, Inc., from the scrambled list of items found here:

Depreciation expense $99,300 Cash 336,700 Long-term debt 500,400 Sales 860,300 Accounts payable 153,700 General and administrative expense 118,600 Buildings and equipment 1,343,400 Notes payable 112,900 Accounts receivable 250,725 Interest expense 7,065 Accrued expenses 11,750 Common stock 433,500 Cost of goods sold 445,300 Inventory 148,185 Taxes 75,385 Accumulated depreciation 394,800 Taxes payable 22,395 Retained earnings 449,565

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?