\begin{tabular}{|l|r|} \hline Accounts Payable & $ \\ \hline Accounts Receivable & 6,088 \\ \hline Cash & 6,960 \\ \hline Equipment & 13,445 \\ \hline Income Tax Expense & 4,800 \\ \hline Operating Expense & 1,350 \\ \hline Other Expenses & 11,800 \\ \hline Other Revenues & 3,482 \\ \hline Rent Expense & 6,050 \\ \hline Salaries Expense & 4,800 \\ \hline Short-term Notes Payable & 6,882 \\ \hline Test Prep Revenue & 17,200 \\ \hline Tutoring Revenue & 15,400 \\ \hline Unearned Revenue & 9,100 \\ \hline \end{tabular} Required: 1. Prepare an Income Statement for the month ended January 31, 20X1. Use cell references to select account titles and amounts to be included on the income statement. Note: List revenues and expenses in order of largest to smallest dollar amounts. 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. \begin{tabular}{|l|l|} \hline \multicolumn{2}{|c|}{ READING READINESS, INC. } \\ \hline \multicolumn{2}{|c|}{ Income Statement } \\ \hline For the Month Ended January 31,20X1 \\ \hline & \\ \hline & \\ \hline Total Revenues & \\ \hline Expenses: & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline \end{tabular}