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( Reviewing financial statements ) Prepare a balance sheet and income statement forTNT, Inc., from the following scrambled list of items:Depreciation expense$ 9 9 .
Reviewing financial statements Prepare a balance sheet and income statement forTNT, Inc., from the following scrambled list of items:Depreciation expense$CashLongterm debtSalesAccounts payableGeneral and administrative expenseBuildings and equipmentNotes payableAccounts receivableInterest expenseAccrued expensesCommon stockCost of goods soldInventoryTaxesAccumulated depreciationTaxes payableRetained earnings Prepare an income statement for TNT Prepare a balance sheet for TNT What can you say about the firm's financial condition based on these financial statements?
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