Prepare an income statement from a list of account and also I need to use a formula in cell C42.

1. Prepare an income statement from a list of accounts 3 INSERT PAGE LAYOUT FORMULAS DATA REVIEW FILE VIEW HOME u-1,, A . Alignment Number Conditional Format as Cell Cels Editing Formatting Table Styles x The list below shows select accounts for Reading Readiness, Inc. as of January 31, Print 1 The list below shows select accounts for Reading Readiness, Inc. as of January 31, 20Xi 8,088 Accounts Payable Receivable 1,350 3,482 Other Expenses 6,050 12 6,882 17,200 Notes Payable Test Prep Revenue 15,400 9,100 Revenue 1046 . B 1 U,,,A, Alignment. Number Conditional Format as. Cell Cells Editing | | The list below shows select accounts for Reading Readiness, Inc. as of Jan A1 31 20 1. Prepare an Income Statement for the month ended January 31, 20XI. Use cell references 21 to select account titles and amounts to be included on the income statement 22 Note: List revenues and expenses in order of largest to smallest dollar amounts 24 2. After entering the formula in cell C42, use the Excel IF function to label cell B42 as either "Net Income" or 25 "Net Loss" as appropriate based on the value calculated in cell C42. Income Statement 31, 20X1 Revenues: 31 35 41 Sheeti