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

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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?

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Part 1

a. Prepare an income statement for TNT.

Complete the income statement below:(Select from the drop-down menus and round to the nearest dollar.)

Depreciation expense$98,400 Cash338,400 Long-term debt500,300 Sales860,500 Accounts payable152,900 General and administrative expense118,600 Buildings and equipment1,341,700 Notes payable113,100 Accounts receivable251,040 Interest expense7,145 Accrued expenses11,790 Common stock434,300 Cost of goods sold445,700 Inventory149,455 Taxes75,665 Accumulated depreciation394,200 Taxes payable21,990 Retained earnings452,015

(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.) Data table