The financial statements of XYZ Corporation for the year ended December 31, 2022, are provided below.

Balance Sheet as of December 31, 2022

• Cash: $200,000
• Accounts Receivable: $500,000
• Inventory: $600,000
• Prepaid Expenses: $50,000
• Property, Plant, and Equipment (Net): $1,500,000
• Total Assets: $2,850,000

Liabilities and Equity

• Accounts Payable: $300,000
• Short-term Loans: $200,000
• Long-term Debt: $800,000
• Common Stock: $1,200,000
• Retained Earnings: $350,000
• Total Liabilities and Equity: $2,850,000

Income Statement for the year ended December 31, 2022

• Sales: $2,500,000
• Cost of Goods Sold: $1,500,000
• Operating Expenses: $600,000
• Interest Expense: $50,000
• Taxes (30%): $105,000
• Net Income: $245,000

From the above figures, analyze the financial position of XYZ Corporation from the points of view of (i) liquidity, (ii) solvency, (iii) profitability, and (iv) activity.