Problems 1. Using the data presented below: Big Rock Candy Mountain Mining Co. Income Statements For the Years 2015 and 2016 2015 $354,000 281,800 72,200 26,360 21,820 1,080 22,940 7,505 15,435 6,174 $9,261 2016 $369,300 285,400 83,900 26,820 23,340 1,080 Sales Cost of Goods Gross Profit Depreciation Selling & Admin. Expense Other Operating Expense Net Operating Income Interest Expense Earnings Before Taxes Taxes 32,660 7,685 24,975 9,990 $14,985 Net Income Notes: Tax Rate Shares 40.00% $2,100 $0.29 40.00% 52,100 $0.18 Eamings per Share ah Candy Mountain Mining Co. Recreate the income statement and balance sheet using formulas wherever possible. Each statement should be on a separate worksheet. Try to duplicate the formatting exactly a. On another worksheet, create a statement of cash flows for 2016. Do not enter any numbers directly on this worksheet. All formulas should be linked directly to the source on previous worksheets. b. c. Using Excel's outlining feature, create an outline on the statement of cash flows that, when collapsed, shows only the subtotals for each section. Problems 1. Using the data presented below: Big Rock Candy Mountain Mining Co. Income Statements For the Years 2015 and 2016 2015 $354,000 281,800 72,200 26,360 21,820 1,080 22,940 7,505 15,435 6,174 $9,261 2016 $369,300 285,400 83,900 26,820 23,340 1,080 Sales Cost of Goods Gross Profit Depreciation Selling & Admin. Expense Other Operating Expense Net Operating Income Interest Expense Earnings Before Taxes Taxes 32,660 7,685 24,975 9,990 $14,985 Net Income Notes: Tax Rate Shares 40.00% $2,100 $0.29 40.00% 52,100 $0.18 Eamings per Share ah Candy Mountain Mining Co. Recreate the income statement and balance sheet using formulas wherever possible. Each statement should be on a separate worksheet. Try to duplicate the formatting exactly a. On another worksheet, create a statement of cash flows for 2016. Do not enter any numbers directly on this worksheet. All formulas should be linked directly to the source on previous worksheets. b. c. Using Excel's outlining feature, create an outline on the statement of cash flows that, when collapsed, shows only the subtotals for each