Paste BIU = - A2 KLM N ABCD E G H 1 Excel #2: Multiple-Step Income Statement 2 3 NOTE Each Highlighted cell should contain a cell address or formula 4 When adding a column of numbers, use the SUM function Follow general Instructions given earlier. 5 7 NAME: 9 10 11 $ DATA Administrative Expenses Cost of Goods Sold Gain on Sale of Land General Expenses Income Tax Expense Net Sales Selling Expenses 12 13 14 15 + 19,000 385,000 51,000 30,000 30.0% 710,000 55,000 16 17 18 19 20 INCOME STATEMENT BARKER'S BUSINESS Income Statement For the Year Ended December 31, 2018 22 23 24 25 26 27 28 29 30 Gross Profit 12 Total Operating Expenses Income from Operations 37 38 Income before income taxes 40 Net Income 41 Sheet Sheet2 Sheets Shee14 +