Question: I could use some help as I am not very good with excel and wanna make sure that I'm doing it correctly. I will attach

I could use some help as I am not very good with excel and wanna make sure that I'm doing it correctly. I will attach the numbers

I could use some help as I am not very good with
Problem Information: The owners of Cyclepath Bicycle Store have asked you to prepare comparative income statements for the scal years ended March 31, 2016 and 2017. To aid in their analysis, the owners would also like you to provide common size information with the comparative statements (vertical analysis). They have provided an alphabetical list of account names and balances for the store on the second page. All accounts have normal balances. Guidelines: 1. Use Excel to prepare a professional work product for the owners. Fit the financial information on one worksheet in print-ready form. 2. Refer to the format on the third page to prepare Cyclepath's income statements. Notice that it uses the multi-step format and also includes columns for common size information. Use the numbers provided as check figures. 3. Refer to chapter 4 of the Edmonds textbook if you are not sure what should be classied as Nonoperating items. List expense accounts separately and show expenses as negative numbers. Provide common size information for all statement line items, not just subtotals and totals. 6. Format numbers as follows: 0 Use commas Use brackets ( )for negative numbers Use whole numbers (zero places behind the decimal point) Right align; do not center Use dollar signs ($) where appropriate on the financial statements Use two decimal places (e.g., 50.46 and 8.42) for the common size information 0 Pay attention to the placement of underlines, both single and double, and centering of column headings 7. Make use of Excel formulas wherever possible. WP

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