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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: a. Prepare an income

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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: 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? 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 $ Net Operating Income Earnings before Taxes Net Income 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 $99,000 337,400 501,300 859,400 153,300 119,000 1,343,300 113,100 250,765 7,055 11,810 433,100 445,200 149,575 76,690 393,900 22,235 452,295

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