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

Balance Sheet

Cash $2000

Inventory $2500

Accounts Receivable $8000

Property, Plant, Equipment $30,000

Land $30,000

Total Assets $72,500

Liabilities

Accounts Payable $1,000

Notes Payable $9,000

Long-Term Debt $45,000

Total Liabilities $55,000

Equity $17,500

Income Statement

Revenues $11000

Cost of Goods Sold $2000

Selling Expenses $1000

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.