Prepare a balance sheet and income statement for TNT, Inc.

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?

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 Retained earnings $99,000 337,600 501,100 858,800 152,300 117,700 1,342,800 112,300 252,150 7,120 11,790 433,900 446,500 148,355 75,530 395,400 21,590 452,525