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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
(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.) \begin{tabular}{lr} \hline Depreciation expense & $98,600 \\ Cash & 337,100 \\ Long-term debt & 500,600 \\ Sales & 858,900 \\ Accounts payable & 153,100 \\ General and administrative expense & 117,500 \\ Buildings and equipment & 1,341,800 \\ Notes payable & 112,700 \\ Accounts receivable & 252,165 \\ Interest expense & 7,215 \\ Accrued expenses & 11,880 \\ Common stock & 432,800 \\ Cost of goods sold & 446,500 \\ Inventory & 149,905 \\ Taxes & 75,540 \\ Accumulated depreciation & 394,900 \\ Taxes payable & 22,745 \\ Retained earnings & 452,245 \\ \hline icon in order to copy its contents into a spreadsheet.) \end{tabular}
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