Question: 2. Using the data presented below for Blue Sky Inc.: a) Create Blue Sky's income statement and balance sheet using formulas wherever possible. Each statement

 2. Using the data presented below for Blue Sky Inc.: a)

2. Using the data presented below for Blue Sky Inc.: a) Create Blue Sky's income statement and balance sheet using formulas wherever possible. Each statement should be on a separate worksheet. Improve the readability of the data by using custom format explained in lectures, so that Excel will display the numbers as if they had been divided by 1,000. Make the appropriate note on the heading of each financial statement. b) Create a common-size income statement and balance sheet for 2017 and 2016 . These statements should be created on a separate worksheet with all formulas linked directly to the income statement and balance sheet

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