Question: please give answer by stating excell formula for each box 1. Prepare an income statement from a list of accounts. x Preparing an income statement

 please give answer by stating excell formula for each box 1.

Prepare an income statement from a list of accounts. x Preparing an

please give answer by stating excell formula for each box

1. Prepare an income statement from a list of accounts. x Preparing an income statement - Excel FORMULAS DATA REVIEW points HOME - 6 Sign In FILE INSERT PAGE LAYOUT VIEW Skipped B A Paste Clipboard I U . E. Font Alignment Number Conditional Format as Cell - Formatting Table Styles * Styles Cells - eBook AL The list below shows select accounts for Reading Readiness, Inc, as of January 31.. e F C D 1 The list below shows select accounts for Reading Readiness, Inc, as of January 31, 20X1. 2 (Accounts are in alphabetical order.) References $ Accounts Payable Accounts Receivable Cash Equipment Income Tax Expense Operating Expense Other Expenses Other Revenues Rent Expense Salaries Expense Short-term Notes Payable Test Prep Revenue Tutoring Revenue Unearned Revenue 8,088 6,960 13,445 4.800 1,350 11,800 3.482 6.050 4.800 6,882 17,200 15,400 9,100 1.046 19 Required: oints C D E 22 Note: List revenues and expenses in order of largest to smallest dollar amounts. Skipped 24 2. After entering the formula in cell C42, use the Excel IF function to label cell B42 as either "Net Income" or 25 "Net Loss" as appropriate based on the value calculated in cell C42. eBook READING READINESS, INC. Income Statement For the Month Ended January 31, 20X1 Revenues: References Total Revenues Expenses: Total Expenses ... Sheet1 ... READY + 100%

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