GB, Inc had a tumultuous first year in business. Overall the business was successful and enjoyed rapid growth even after some bad press due to an Environmental Protection Agency fine. The owners of the company are looking to understand and automate the Current Earnings & Profit calculation and have asked you to prepare a worksheet. 5 Required: 1. Complete the Current E&P calculation indicating whether each item should Add or Subtract. 2. Total the Add and Subtract items and then Current Earnings & Profit (HINT: Utilize the SUMIF function referencing the adjacent cells to compute the Subtotals) Current Earnings & Profit Amount 5 J 6: 0 Taxable Income City of New York Bond Interest DRD NOL Federal Income Tax Entertainment 50% Meals Lobbying EPA Fine Excess Business Interest. Current Earnings & Profit Subtotal: Subtotal: $14,876,335 Add/Subtract $3,525 Add $2,631 Add $1,325,838 Add $3,124,030 Subtract $23,658 Subtract $123,285 Subtract $22,358 Subtract $75,000 Subtract $95,000 Subtract Add Subtract