Formula: Add, Subtract, Cell Referencing D E F Using Excel to Determine Statement of Income Amounts PROBLEM Coffee Corner has the following account balances: Cost of goods sold $ 3,85,000 Depreciation expense 13,200 D Insurance expense 1 Interest expense 3,300 11,000 2 Interest revenue 8,800 3 44,000 4 Salaries expense 55,000 5 Sales 5,61,000 6 Sales discounts 5,500 7 Sales returns and allowances 16,500 8 Rent expense 9 Coffee Corner uses a multiple-step income statement. H Student Work Area Required: Provide input into cells shaded in yellow in this template. Use mathematical formulas with cell references to the Problem or the work area as indicated. Calculate the following: (a) Net sales (b) Gross profit (c) Operating expenses (d) Profit from operations (e) Profit 20 21 22