The following balances are taken from the books of Warner Company at the end of his first-year trading on 31 December 2019. ( please use your kayboard)

1. Prepare income statement
2. Prepare a balance sheet
3. What is the firms net working capital?
4. Interpret your findings.

Salaries expense	66,000
Cash	225,000
Long-term debt	334,000
Sales	573,000
Accounts payable	102,000
Buildings and equipment	895,000
Short-term notes payable	75,000
Long-term notes payable	46,400
Accounts receivable	153,000
Interest expense	4,750
Utilities expenses	7,900
Common stock	289,000