Exploring Relationshlps among FInanclal Statements using Excel's SUM and Basic Math Functlons

Marta Communications, Inc. has provided incomplete financial statements for the month ended March $31.$ The Controller has asked

you to help calculate the missing amounts in the incomplete financial statements. Use the information included in the Excel Simulation

and the Excel functions described below to complete the task.

Cell Reference: Allows you to refer to data from another cell in the worksheet. In the Excel Simulation below, if $"=$B$13"$ is entered

in a blank cell, the formula outputs the result from cell B$13,$ which is $60,000$ in this example.

Besle Math functlons: Allows you to use the basic math symbols to perform mathematical functions. You can use the following

keys: $+($plus sign to add$).-($minus sign to subtract$).*($asterisk sign to multiply$),$ and $/($forward slash to divide$).$ In the Excel

Simulation below, if $"=$B$13+$B$14"$ is entered in a blank cell, the formula adds the values from those cells and outputs the result,

which is $310,000$ in this example. If using the other math symbols, the result is an appropriate answer for the function.

SUM function: Allows you to refer to multiple cells and adds all the values. You can add individual cell references or ranges to

utilize this function. In the Excel Simulation below, if $"\frac{?}{S}=UM(B13,B14)"$ is entered in a blank cell, the formula outputs the result of

adding those two separate cells, which is $310,000$ in this example. Similarly. if $"\frac{?}{S}=UM(B13$:$B14)"$ is entered in a blank cell, the

formula outputs the same result of adding those cells even though they are expressed as a range in the formula, which is

$310\mathrm{.}000$ in this examole.