it is one question, couldn't fit in screen so i post it in three parts please answer in full.

A1 Noodles Unlimited, Inc. sells swimming poolt A D Noodles Unlimited, Inc. sells swimming pool toys. The following adjusted trial balance is for the year ended December 31, 20X1. N Account Titles Debits Credits Cash 537,500 Accounts Receivable 28,600 Inventory 43,300 Prepaid Rent 2,000 Equipment 69,000 10 Accumulated Depreciation $20,700 Accounts Payable 8,800 12 Notes Payable 20.000 Common Stock 75,000 14 Retained Earnings, January 1, 20X1 31,800 Sales Revenue 175,500 Sales Returns and Allowances 4.700 Sales Discounts 6,000 Cost of Goods Sold 67, 700 Salaries and Wages Expense 25,900 20 Depreciation Expense 13,800 21 Rent Expense 24,000 Interest Expense 1,600 23 income Tax Expense 7700 24 Totals $331.800 $331.800 25 26 Required: 27 1. Prepare a multistep income statement that would be used for internal reporting purposes. Sheet1 323 READY Attempt(s) Excel determines If the result of that test.condition is TRUE or FALSE, it will return the va Merchandising operations and the multi-step income statement - Excel PAGE LAYOUT FORMULAS DATA REVIEW MEW FILE HOME INSERT Calibri 11 ste B TV Cells E Alignment Number Conditional Format a Cell Formatting Table Styles Styles Clipboard Font 41 Noodles Unlimited, Inc. sells swimming pool toys. The following A B D 2 Interest Expense 1,600 23 Income Tax Expense 7.700 24 Totals $331,800 $331,800 25 26 Required: 27 1. Prepare a multistep income statement that would be used for internal reporting purposes. 28 Note: When more than one correct account could appear in a cell, list items in order of largest to 29 smallest dollar amounts. Use cell referencing to select account titles and values. 30 All numbers should appear as positive numbers 31 2. After entering the formula in cell B52, use the Excel IF function to label cell A52 as either 32 "Net Income" or "Net Loss" as appropriate based on the value calculated in cell B52. 33 34 NOODLES UNLIMITED, INC 35 income Statement 36 For the Year Ended December 31, 20X1 37 36 Less 39 40 41 Net Sales 42 43 Gross Profit 44 Expenses Sheet1 READY Attempt() ylecies on, less you an view specific result for each option, such as another cell reference, value or text. Throughout the used in the test_condition valuell true, or value false arguments then the text itself shou Excel will recognize the text as a "string of text instead of another function. From the Excel s 20000,"Cash is great Cash is bad) was entered the formula would output the resul test.condition would be result as true, or in this case the text "Cash is great Excel processes into separate parts. First the rest condition - Excel thinks, find cell B5 and determine if the ve Excel determines If the result of that test condition is TRUE or FALSE, It will return the value Merchandising operations and the multi-step income statement - Excel FILE HOME INSERT DAGE LAYOUT FORMULAS DATA REVIEW VIEW Calibri 111 AA 96 BIU Cells Editir Alignment Number Conditional Formats Cell Formatting Table Styles Styles Clipboard Font A1 Noodles Unlimited, Inc. sells swimming pool toys. The following adju A c D 33 34 NOODLES UNLIMITED, INC 35 Income Statement 36 For the Year Ended December 31, 20X1 37 38 Less: 39 40 4: Net Sales 42 49. Gross Profit 44 ExpROSAS 45 47 45 Income from Operations 49 50 Income before Income Tax Expense 51 33 34 3. Compute the gross profit percentage. 55 Note Make sure to include 100 at the end of your formule 56 od to conduct the decima te percatege 57 Gros Profit Parents SE Sheet1 percent READY Attempt(s)

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