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Case Problem 2 CREATE Data File needed for this Case Problem: Balance.xIsx Scott Kahne Tool & Die Cheryl Hippe is a financial officer at Scott Kahne Tool & Die, a manufacturing company located in Mankato, Minnesota. Every month the company publishes a balance sheet, a report that details the company's assets and liabilities. Cheryl asked you to create the workbook with the text and formulas for this report. Complete the following: 1. Open the Balance workbook located in the Excell > Case2 folder included with your Data Files. Save the workbook as Balance Sheet in the location specified by your instructor. 2. In the Documentation sheet, enter your name in cell B3 and the date in cell B4. 3. Go to the Balance Sheet worksheet. Set the font size of the title in cell A1 to 28 points. 4. In cell A2, enter the text Statement for March 2017. 5. Set the width of columns A and E to 30 characters. Set the width of columns B, C, F, and G to 12 characters. Set the width of column D to 4 characters. (Hint: Hold down the Ctrl key as you click the column headings to select both adjacent and nonadjacent columns.) 6. Set the font size of the text in cells A4, C4, E4, and G4 to 18 points. 7. Set the font size of the text in cells A5, E5, A11, E11, A14, E15, A19, E20, and A24 to 14 points. 8. Enter the values shown in Figure 1-45 in the specified cells. Copy Select All Copyright 2017 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part. WON 02-200-203 Module 1 Getting Started with Excel | Excel EX 61 Figure 1-45 Assets and liabilities Current Assets Cell Value Cash B6 $123,000 Accounts Receivable B7 $75,000 Inventories B8 $58,000 Prepaid Insurance B9 $15,000 Long-Term Investments Cell Value Available Securities B12 $29,000 Tangible Assets Cell Value Land B15 $49,000 Building and Equipment 816 $188,000 Less Accumulated Depreciation B17 $48,000 Intangible Assets Cell Value Goodwill 320 $148,000 Other Assets B22 $14,000 Current Liabilities Cell Value Accounts Payable F6 $62,000 Salaries FZ $14,000 Interest F8 $12,000 Notes Payable F9 $38,000 Long-Term Liabilities Cell Value Long-Term Notes Payable F12 $151,000 Mortgage F13 $103,000 Stockholders' Equity Cell Value Capital Stock F16 $178,000 Retained Earnings F17 $98,000 Comprehensive Income/Loss F18 $5,000 9. In cell C9, enter a formula to calculate the sum of the Current Assets in the range B6:B9. 10. In cell C12, enter a formula to display the value of B12. 11. In cell C17, enter a formula to calculate the sum of the Tangible Assets in the range B15:B17. 12. In cells C20 and C22, enter formulas to display the values of cells B20 and B22, respectively. 13. In cell C24, enter a formula to calculate the total assets in the balance sheet by adding cells C9, C12, C17, C20, and C22. Set the font size of the cell to 14 points. 14. In cell G9, enter a formula to calculate the sum of the Current Liabilities in the range F6:F9. 15. In cell G13, enter a formula to calculate the sum of the Long-Term Liabilities in the range F12:F13. 16. In cell G18, enter a formula to calculate the sum of the Stockholders' Equity in the range F16:F18. 17. In cell G20, calculate the Total Liabilities and Equity for the company by adding the values of cells G9, G13, and G18. Set the font size of the cell to 14 points. 18. Check your calculations. In a balance sheet the total assets (cell C24) should equal the total liabilities and equity (
