1. Prepare an income statement from a list of accounts. FILE HOME INSERT Paste Clipboard A1 PAGE LAYOUT 4 11 4 ' ' Calibri BIU Font fx B Preparing an income statement - Excel ? + REVIEW VIEW Sign In FORMULAS DATA % M 4 Alignment Number Conditional Format as Cell Formatting Table Styles Cells Editing Styles The list below shows select accounts for Reading Readiness Company as of C D 3 4 5 6 7 8 9 10 1 The list below shows select accounts for Reading Readiness Company as of January 31, 20X1. 2 (Accounts are in alphabetical order.) Accounts Payable Accounts Receivable Cash Equipment Insurance Expense Operating Expense Other Expenses $ 8,088 6,960 13,445 4,800 1,350 11,800 3,482 11 Other Revenues 6,050 12 Rent Expense 4,800 13 Salaries Expense 6,882 14 Short-term Notes Payable 17,200 15 Test Prep Revenue 15,400 16 Tutoring Revenue 9,100 17 Unearned Revenue 1,046 18 19 Required: E 20 1. Prepare an Income Statement for the month ended January 31, 20X1. Use cell references 21 to select account titles and amounts to be included on the income statement. 22 Note: List revenues and expenses in order of largest to smallest dollar amounts. 23 24 2. After entering the formula in cell C42, use the Excel IF function to label cell B42 as either "Net Income" or F G