103, LOS COLOUW, DIE IN WOU UUDULURE CUILOF Vore. See test condition would be result as true or in this case the text "Cash is great" Excel processes the IF function by separating it out into separate parts. First the test_condition - Excel thinks, find cell 85 and determine if the value is greater than 20000 Once Excel determines if the result of that test_condition is TRUE OR FALSE, it will return the value_/_true or value_ false 11 points X DR. Merchandising nations and the multi-step income statement Excel 6 x FILE HOME INSERT PAGE LAYOUT FORMULAS DAIA REVIEW VIEW Sign In Ch 111 AN % Paste BIU A Alignment Number Conditional Fortatat call Cells Editing Formatting Table Styles cord . Font Styles A1 X Noodles Unlimited to sells swimming pool toys. The following adjusted trial 1 Book References 0 Account Titles Debit Cash $37,500 Accounts Receivable 28,600 7 Inventory 43,300 Prepaid Rent 2,000 9 Equipment 69.000 10 Accumulated Depreciation $20,700 11 Accounts Payable 8,300 12 Notes Payable 20,000 15 Common Stock 25.000 14 Retained Earnings, January 1, 20X1 31,300 15 Sales Revenue 175,500 16 Sales Returns and Allowances 4,700 17 Sales Discounts 6,000 18 Cost of Goods Sold 67.700 19 Salaries and Wages Expense 25,000 20 Depreciation Expense 11,000 21 Rent Expense 24,00 22 interest Expense 1.000 23come Tax Expense 2200 24 Totals 3331.600 $31.000 25 26 Required: 7 Par muito come statement that would theme for International Sheets RAW 11 100