(Reviewing financial statements) Prepare a balance sheet and income statement for TNT, Inc., from the scrambled list of items found here: LOADING.... 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? Question content area bottom 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.) TNT Inc. Income Statement $ Gross Profit $ $ Net Operating Income $ Earnings before Taxes $ Net Income $

Depreciation expense $98,600 Cash 338,300 Long-term debt 500,700 Sales 858,600 Accounts payable 153,000 General and administrative expense 119,500 Buildings and equipment 1,342,100 Notes payable 112,600 Accounts receivable 251,475 Interest expense 7,125 Accrued expenses 11,800 Common stock 433,600 Cost of goods sold 445,200 Inventory 148,205 Taxes 75,105 Accumulated depreciation 394,400 Taxes payable 22,380 Retained earnings 451,600