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(Reviewing financial statements) Prepare a balance sheet and income statement for TNT, Inc., from the scrambled list of items found here: B a. Prepare an
(Reviewing financial statements) Prepare a balance sheet and income statement for TNT, Inc., from the scrambled list of items found here: B 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? Data Table a. Prepare an income statement for TNT. Complete the income statement below: (Select from the drop-down menus and round to the nearest dollar.) TNT Inc. Income Statement Gross Profit 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 $99.100 337,400 500,500 860,200 152,000 118,300 1,341,700 111,600 251,555 7,150 11,760 434,400 446,500 147,950 76,605 393,700 22,250 452,395 Net Operating Income Earnings before Taxes Taxes Net Income b. Prepare a balance sheet for TNT. Accumulated depreciation Taxes payable Retained earnings Complete the assets part of the balance sheet below: (Select from the drop-down menus and round to the nearest dollar.) The Warner Company Balance Sheet Print Done Data Table Current Assets Net Plant and Equipment Total Assets Complete the liabilities and owners' equity part of the balance sheet below: (Select from the drop-down menus and round to the nearest dollar.) TNT Inc. Balance Sheet (Cont'd) 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 $99,100 337,400 500,500 860,200 152,000 118,300 1,341,700 111,600 251,555 7.150 11,760 434,400 446,500 147.950 76,605 393,700 22,250 452,395 Current Liabilities Total Liabilities Print Done Owners' Equity Total Liabilities and Owners' Equity $ c. What can you say about the firm's financial condition based on these financial statements? The company is in a relative short-term financial condition since the net working capital is V. (Select from the drop-down menus.) Choose from any list or enter any number in the input fields and then continue to the next
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