must be entered as a formula

Preview File Edit View 19% U Wed 5:46 PM Go Tools Window Help Screen Shot 2020-06-10 at 5.45.48 PM Search XLSX XLSX Screen Shot 1. Solve for the missing amounts and understand how the financial statements are linked. Bollin_Bailey_A6.xl Screen Shot LLS BLANK ORDER Screen Shot 2020-06-10 at 5.45.57 PM OO @ + H D Relationships among Financial Statements - Excel ? FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW X 2 Calibri 11 M aste BIU- AA % A Alignment Number Conditional Format as Cell Formatting Table Styles Styles Cells Editing 8 Clipboard Font 12.5 points 4 Solve for the missing amounts. NOTE: When an amount on one financial statement is 5 another statement, you MUST reference the cell from the earlier statement rather than ca 6 indicating the relationship between the two statements. 7 MARTA COMMUNICATIONS, INC. 9 Income Statement 10 For the Month Ended March 31, 20X1 11 Sales Revenues $34,500 12 Expenses: 13 Rent Expense 2,600 14 Wages Expense 15 Utilities Expense 4,800 16 Income Tax Expense 800 17 Net income $4,100 1 fi Presented below are incomplete financial statements for Marta Communi . Skipped B D Solve for the missing amounts. NOTE: When an amount on one financial statement is again shown on another statement, you MUST reference the cell from the earlier statement rather than calculate the amount, thus indicating the relationship between the two statements. eBook Print References 18 MARTA COMMUNICATIONS, INC. Income Statement For the Month Ended March 31, 20X1 Sales Revenues $34,500 Expenses: Rent Expense Wages Expense 2,600 $0 19 20 MARTA COMMUNICATIONS, INC. 21 Statement of Retained Earnings 22 For the Month Ended March 31, 20X1 23 Retained Earnings, March 1, 20X1 24 Add: Net income 25 Subtract: Dividends 26 Retained Earnings, March 31, 20X1 27 Sheet1 (500) READY Attemptis Mc ZUZUPU...43.40 PM ZUZUPU...31.40 IV