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begin{tabular}{|l|l|l|} hline 2 & (Accounts are in alphabetical order.) & D hline 3 & & hline 4 & hline & &

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\begin{tabular}{|l|l|l|} \hline 2 & (Accounts are in alphabetical order.) & D \\ \hline 3 & & \\ \hline 4 & \\ \hline & & \\ \hline & \\ 7 & \\ 8 & \\ 9 & \\ 10 & \\ 11 & \\ 12 & \\ 13 & \\ 14 & \\ \hline 15 & \\ 16 & \\ \hline 17 & \\ \hline 18 & & \\ \hline 19 & Required: \\ \hline 20 & 1. Prepare an Income Statement for the month ended January 31, 20X1. Use cell references \\ \hline 21 & to select account titles and amounts to be included on the income statement. \\ \hline 22 & Note: List revemues and expenses in order of largest to smallest dollar amounts. \\ \hline \end{tabular} 24 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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