Please show cell formulas used to get the answer. Thanks!

please answer all questions posted as well :)

Download the Applying Excel form and enter formulas in all cells that contain question marks. For example, in cell C18 enter the formula - 36 After entering formulas in all of the cells that contained question marks, verify that the dollar amounts in both the traditional and contribution format Income statements match the numbers in Exhibit 1-7 Check your worksheet by changing the variable selling cost in the Data area to $900, keeping all of the other data the same as in Exhibit 1-7 If your worksheet is operating properly, the net operating income under the traditional format income statement and under the contribution format income statement should now be $700 and the contribution margin should now be $4,700. If you do not get these answers, find the errors in your worksheet and correct them Save your completed Applying Excel form to your computer and then upload it here by clicking "Browse." Next, click "Save." You will use this worksheet to answer the questions in Part 2 D E F . B 1 Chapter 1: Applying Excel 2 3 Data 4 Sales $12,000 5 Variable costs: 6 Cost of goods sold $6,000 7 Variable selling $600 8 Variable administrative $400 9 Fixed costs: 10 Fixed selling $2,500 11 Fixed administrative $1,500 12 13 Enter a formula into each of the cells marked with a ? below 14 Exhibit 1-7 15 16 Traditional Format Income Statement 17 Sales 18 Cost of goods sold 19 Gross margin 20 Selling and administrative expenses: 21 Selling 2 22 Administrative 2 23 Net operating income 24 25 Contribution Format Income Statement 26 Sales 27 Variable expenses: 28 Cost of goods sold ? 29 Vanable selling 30 Variable administration 31 Contribution margin 32 Fixed expenses: 33 Fixed selling ? 34 Fixed administrative ? 35 Net operating income 36 ? ? ? ? ? ? ? ? 2 ? ? ? 1. Now change all of the dollar amounts in the data area of your worksheet so that it looks like this: B A Chapter 1: Applying Excel 1 N 3 Data A 10,500 5 $ 4,500 $ 600 4 Sales Variable costs: 6 Cost of goods sold 7 Variable selling 8 Variable administrative 9 Fixed costs: 10 Fixed selling Fixed administrative $ 400 $ 2,500 1,500 11 $ If your formulas are correct, you should get the correct answers to the following questions. (a) What is the gross margin now? Gross margin (b) What is the net operating income now? Net operating income (c) What is the contribution margin now? tes Contribution margin 2. Suppose that sales are 7% higher as shown below: A B 1 Chapter 1: Applying Excel 2. 3 Data 4 4 Sales $ $ 11,235 ces 4,815 $ $ 642 5 Variable costs: 6 Cost of goods sold 7 Variable selling 8 Variable administrative 9 Fixed costs: 10 Fixed selling 11 Fixed administrative $ 428 $ 2,500 1,500 $ Enter this new data into your worksheet. Make sure you enter all of the new data - not just the sales. (a) What is the gross margin now? Gross margin (b) What is the net operating income now? Net operating income (c) What is the contribution margin now? Contribution margin (d) When sales increase by 7%, which of the following should also increase by 7% in a merchandising company? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) 2 Variable cost 2 Fixed cost 2 Gross margin Contribution margin Net operating income (e) When sales increase by 7%, which of the following should increase by more than 7% in a merchandising company? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) Variable cost Fixed cost Gross margin 7 Contribution margin Net operating income