Noodles Unlimited has provided you its adjusted trial balance as of December $31.$ The Controller has asked you to prepare and analyze a multi$-$step income statement.

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Cell Reference: Allows you to refer to data from another cell in the worksheet. If you entered $"=$B$5"$ into a blank cell, the formula would output the value from cell B$5.$

Basic Math Functions: Allow you to use the basic math symbols to perform mathematical functions. You can use the following keys $+($plus sign to add$),-($minus sign to subtract$),*($asterisk sign t$$ multiply$),$ and $/($forward slash to divide$).$ For example, if you entered $"=$B$4+$B$5"$ in a blank cell, the formula would add the values from those cells and output the result.

SUM Function: Allows you to refer to multiple cells and adds all the values. You can add individual cell references or ranges. If you entered $"=$SUM$($C$4,$C$5,$C$6)"$ into a blank cell, the formula would output the result of adding those three separate cells. Similarly, if y entered $"=$SUM$($C$4$:C$6)",$ the formula would output the same result of adding those cells."

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Noodles Unlimited, Inc. sells swimming pool toys. The following adjusted trial balance is for the year ended December $31.$

$\backslash$table$[[$Account Titles,Debits,Credits$],[$Cash$,$$$37,500,],[$Accounts Receivable,$28,600,],[$Inventory$,43,300,],[$Prepaid Rent,$2,000,],[$Equipment$,69,000,],[$Accumulated Depreciation,,$$20,700$