What would you say about a business that had the following Balance Sheet and Income Statement

Balance Sheet

Cash $2000

Inventory $4500

Accounts Receivable $1000

Property, Plant, Equipment $40,000

Land $30,000

Total Assets $77,500

Liabilities

Accounts Payable $12000

Notes Payable $5000

Long-Term Debt $10000

Total Liabilities $27,000

Equity $50,500

Income Statement

Revenues $14000

Cost of Goods Sold $6000

Selling Expenses $10000

Other Expenses $2000

Be sure to mention at least one important element of the Balance Sheet, one important element of the Income Statement, and one important element for how the two interact both now and in the future if the Income Statement is repeated again in the next time period.