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1. Prepare an income statement from a list of accounts. The list below shows select accounts for Reading Readiness Company as of January 31, 201.
1. Prepare an income statement from a list of accounts. The list below shows select accounts for Reading Readiness Company as of January 31, 201. (Accounts are in alphabetical order.) 2. After entering the formula in cell C42, use the Excel If function to label cell B42 as either "Net Income" or "Net Loss" as appropriate based on the value calculated in cell C42
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