Red Cat Coffee has provided an incomplete horizontal statements model for Year 1. The Controller has asked you to help calculate the missing amounts in the incomplete horizontal statements model. Use the information included in the Excel Simulation and the Excel functions described below to complete the task.

• Cell Reference: Allows you to refer to data from another cell in the worksheet. In the Excel Simulation below, if =E12 is entered in a blank cell, the formula outputs the result from cell E12, which is 400,000 in this example.
• Basic Math functions: Allows you to use the basic math symbols to perform mathematical functions. You can use the following keys: + (plus sign to add), - (minus sign to subtract), * (asterisk sign to multiply), and / (forward slash to divide). In the Excel Simulation below, if =E12+E13 is entered in a blank cell, the formula adds the values from those cells and outputs the result, which is 650,000 in this example. If using the other math symbols, the result is an appropriate answer for the function.
• SUM function: Allows you to refer to multiple cells and adds all the values. You can add individual cell references or ranges to utilize this function. In the Excel Simulation below, if =SUM(E12,E13,E14) is entered in a blank cell, the formula outputs the result of adding those three separate cells, which is 450,000 in this example. Similarly, if =SUM(C11:C13) is entered in a blank cell, the formula outputs the same result of adding those cells even though they are expressed as a range in the formula, so the result is 450,000 in this example.

Please include Excel Formulas

The following horizontal statements model shows the transactions experienced by Red Cat Coffee during Year 1. The tables contains missing data that are highlighted in yellow. Assume all transactions are cash transactions. Required: Use excel formulas to fill in the missing amounts. Income Statement Assets = = + Balance Sheet Liab. Notes. Pay. 0 + = + Land 0 Stockholders' Equity Com. Stk. + Ret. Earn. 0 + 0 - Rev. 0 Exp. 0 + = + = Event Beg. 1 2 3 Cash 0 400,000 250,000 (200,000) + 0 = = 0 + + 0 0 = + 0 = + 0 + 0 0 0 = + = 0 + + 0 0 11 11 11 11 11 11 11 11 | = 4 + 0 = 0 + + 0 0 0 0 0 90,000 0 5 + = 0 + + (40,000) (10,000) 0 0 + = 0 + + 0 0 6 End + = + + luring Year 1. insactions. Income Statement Statement of Cash Flows Rev. = Exp. 0 0 = Stockholders' Equity Com. Stk. + Ret. Earn. 0 + 0 + 0 0 + 0 0 + 0 0 + Net Inc. 0 0 0 0 = 0 = = 0 0 0 NA 400,000 FA 250,000 FA (200,000) IA 90,000 OA (40,000) OA (10,000) FA = 90,000 0 0 + (40,000) 0 0 + 0 0 = + =