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wote View Tell me Liberation Sans 12 AA Wrap Text Custom Merge & Center $ - %% Conditional Form Formatting as a O Student Work Area Required: Provide input into cells shaded in yellow in this template. Use cell references to the Problem area and work area as indicated along with mathematical formulas for amounts not given H19 fx Sales revenue A D 1 Function: SUM; Formula: Subtract: Cell Referencing 2 Using Excel to Prepare the Sales Section of an Income 4 Statement 5 PROBLEM Arndt Company provides the following information for the 7 month ended October 31, 2020. 8 9 Sales on credit $ 280,000 10 Cash sales 100,000 Sales discounts 5,000 12 Sales retums and allowances 11,000 13 14 15 16 27 Prepare the sales section of a multiple-step income statement based on this Information Arndt Company Income Statement (Partial For the Month Ended October 31, 2020 Sales Net sales $ 380,000 Less: Sales returns and allowances $ 11 000 Sales discounts 5,000 Sales revenue $369.000 20 21 24 26 27 29 30 31 32 31 35 36 7