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Prepare Income Statement Review the following amounts for West Nautical Company. Assume that the Maw Materiais inventory contains only direct materials. The Calculation of Direct Materials Used, Schedule of Cost of Goods Manufactured, and Calculation of Cost of Goods Sold can be found under the "COSTOFGOODSSOLO" tab. Assume that the company has the following saies during the year: 8 Use the blue shaded areas on the ENTERANSWERS tab for inputs. Always use cell references and formulas where appropriate to receive full credit. If you copv/paste from the instrisction tab 16 Use the blue shaded areas on the ENTERANSWERS tab for inputs. Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Instruction tab 19 you will be marked wrong. Requirement 22. Prepare the income statement for West Nautical Company in for the most recent year. a. Check your spelling carefully and do not abbreviate. b. Follow the format in the exhibit that shows the Manufacturer's Income Statement. c. Enter all amounts as positive values. Do not use a minus sign or parentheses for any values to be subtracted. Saving & Submitting Solution 28 1 Save file to desktop. 29 a. Create folder on desktop, and label COMPLETED EXCEL PROJECTS 30.2 Upload and submit your file to be graded. 31 a. Navigate back to the activity window - screen where you downloaded the initial spreadsheet 32. b. Click Choose button under step 3; locate the file you just saved and click Open 33 c. Click Upload button under step 3 34 d. Click Submit button under step 4 (i) PROTECTED VIEW Be careful-files from the Internet can contain vi A1 Type here to search