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F23 A B D E F G H I K L 1 Click on the "Prepare Fin Sts" tab and enter your name in Cell C1. If Cell C1 is left blank, you will not be able to see your score. 2 Each graded cell is highlighted in yellow. Select all account titles/labels using dropdowns. Enter formulas for all dollar amounts. The formula must only contain cell addresses. 3 4 Each correct formula will begin with =, +, or -. 5 6 Jx The basic mathematical operators are +, -, * and/ 7 Addition: To add the values in cells A1 and B4, the formula is =A1+B4 8 Subtraction: To subtract the value in cell B4 from the value in cell A1, the formula is =A1-B4 9 Multiplication: To multiply the values in cells A1 and B4, the formula is =A1*B4 10 Division: To divide the value in cell A1 by the value in cell B4, the formula is =A1/B4 11 12 THIS FILE REQUIRES THE USE OF =SUM FOR ALL TOTALS AND SUBTOTALS 13 The =SUM function adds all values within a range of cells. 14 For example, the formula to calculate total attendees in cell B19 is =SUM(B16:B18). 15 16 Men 17 Women 18 Children 19 Total 20 21 22 23 24 25 26 850 930 1,145 2,925 Instructions Financial Statements M N A Name: Your score: B bill 0% The adjusted trial balance for Bill Company as of December 31, 2022 is presented below. REQUIRED: Prepare an income statement and statement of owner's equity for the year- ended December 31. Prepare a classified balance sheet as of December 31. There were no owner investments during the year. Account Title Cash Short-term investments Accounts receivable, net Supplies Prepaid expenses Long-term notes receivable Investments in stocks and bonds All yellow cells require either an account title or a valid formula. All totals must include the SUM function. Equipment Accumulated Depreciation Services revenue Interest revenue Rent expense Salaries expense Land Copyrights Accounts payable Unearned Fees Long-term notes payable bill, Capital bill, Withdrawals D Miscellaneous expenses Depreciation expense Totals E Trial Balance Debit $20,100 15,100 28,100 7,000 5,600 32,000 26,000 46,800 37,000 8,000 F 10,300 8,100 27,000 5,390 4,680 $281,170 Credit $9,400 11,100 2,200 28,000 159,570 67,400 3,500 $281,170 G BI BJ Revenues: Total revenues Expenses: Total expenses Net income Bill Company Income Statement For the Year Ended December 31, 2022 Bill Company Statement of Owner's Equity For the Year Ended December 31, 2022 bill, Capital, December 31, prior year Add: Investments by owner Net income Less: Withdrawals by owner bill, Capital, December 31, current year Bill Company 0 0 Current assets Long-term investments Total long-term investments Plant assets: Total plant assets Intangible assets: Total assets Current liabilities: Total current liabilities Long-term liabilities: Total liabilities Total liabilities and equity Bill Company Balance Sheet December 31, 2022 Assets Liabilities Equity