PROJECT STEPS 1. Lonnie Holtzman is a financial analyst for the Lewellen Group, a management consulting firm headquartered in Providence, Rhode Island. The firm also has offices in Charlotte, North Carolina; Milwaukee, Wisconsin; and Denver, Colorado. Lonnie is using an Excel workbook with multiple worksheets to create a profit and loss statement for the firm. He asks for your help in completing the statement. Go to the Dashboard worksheet. Lonnie first wants to complete the list of links in the range H7:H10. In cell H7, create a hyperlink to the www.lewellen.example.net website. 2. In cell H8, create a hyperlink to the info@lewellen.example.net email address. Use Contact a Lewellen consultant as the ScreenTip text. 3. In cell H9, create a hyperlink to cell A1 in the Categories worksheet. 4. In cell H10, create a hyperlink to the workbook Support_EX19_EOM5-1_2021.xlsx, which contains Lewellen profit and loss data from 2021. 5. Lonnie wants to compare 2021 profit and loss totals to those for 2022 and needs to add the 2021 data to the Dashboard worksheet. Open the file rt_EX19_EOM5- 1_2021.xlsx. Copy the values in the range C6:C19. In cell C6 of the Dashboard worksheet in the original workbook, use the Paste Link command to create external references to the values in the Support_EX19_EOM5-1_2021.xlsx workbook. Delete the unnecessary values in cells C8, C12, and C16, and close the Support_EX19_EOM5-1_2021.xlsx workbook. 6. Lonnie needs a quick way to refer to the budgeted payroll and operating expenses. Use the name PayrollExp to define the range D9:011. Use the name OpExp to define the range D13:D15. 7. 8. In cell D18, enter a formula using the SUM function to total the expense values using the defined range names PayrollExp and OpExp. Lonnie prefers that accountants and others contact Lewellen through the link in cell H8 rather than one that connects to his email address. In cell C21, remove the hyperlink, leaving the unlinked text "Lonnie Holtzman" in the cell. Lonnie wants to combine the profit and loss data for 2022 from each of the three Lewellen offices. In cell E6, enter a formula using the SUM function, 3-D references, and grouped worksheets that totals the values from cell C6 in the Charlotte:Milwaukee worksheets. Copy the formula from cell E6 to cell E7, the range E9:E11, the range E13:E15, and the range E17:E19. In the range E17:E19, copy the formula and number formatting only. 9. 10. Go to the Charlotte worksheet. Lonnie needs to calculate the percent of sales for each expense item. Assign the defined name Revenue to cell 06. 11. In cell D7, enter a formula without using a function that divides the Cost of sales value in cell C7 by the revenue amount, using the defined name Revenue for the Charlotte worksheet. Copy the formula from cell D7 to the range D9:011, the range D13:D15, and the range D17:019. In the range D17:019, copy the formula and number formatting only. 12. Lonnie wants to apply consistent formatting to the worksheets he collected from the three Lewellen offices. Group the Charlotte, Denver, and Milwaukee worksheets, and then apply the Heading 1 cell style to cell B2 to use the same formatting as in the Dashboard worksheet. Ungroup the worksheets, and then verify that the formatting is applied to all three worksheets. Home Insert Draw Page Layout Formulas Data Review View Tell me X Calibri (Body) 11 A = ab Wrap Text General v || TH Paste B I U A Merge Center $ % ) Conditional Formatting H18 A fx A B D E G H 1 Profit and Loss Statement For the year 2022 2. LEWELLEN Group 3 4 Stated in 000s 5 Category 6 Revenue Total 2021 Total Budget Total 2022 % Change from Budget $ 583,888 -100.0% 165,135 -100.0% Links 7 8 9 Lewellen website Contact Lewellen Category list Profit and loss statement 2021 -100.0% 10 143,500 72,526 38,635 -100.0% -100.0% 11 12 13 Cost of sales Payroll Salaries Benefits Taxes Operating Expenses Sales and marketing General and administrative Other operating Summary Gross profit Total expenses Net profit 50,250 -100.0% -100.0% 65,655 41,750 -100.0% 14 15 16 17 418,753 -100.0% #DIV/0! $ 418,753 -100.0% 18 19 20 21 22 23 24 25 Prepared by Lonnie Holtsman Documentation Dashboard Charlotte Denver Milwaukee Categories + Home Insert Draw Page Layout Formulas Data Review View Tell me Calibri (Body) v 11 AI v ay Wrap Text General La Paste B I U V A ilil Merge & Center $ v 11 X fox A B D E F G H 1 J Profit and Loss Statement For the year 2022 LEWELLEN Group Stated in 000 1 2 3 4 5 6 7 8 9 % Sales Category Revenue Total 2022 $ 196,900 55,045 Manager Location Charlotte Office Ron Keller 225 E. Center St. Charlotte, NC 28214 (704)555-9801 Phone 20 46,667 24,175 13,030 1 -2 3 Cost of sales Payroll Salaries Benefits Taxes Operating Expenses Sales and marketing General and administrative Other operating Summary Gross profit Total expenses Net profit 17,950 22,035 -4 5 14,450 -6 -7 -8 141,855 138,307 $ 3,548 9 C0 1 2 3 -4 5 26 27 8 9 50 1 2 3 4 Documentation Dashboard Charlotte Denver Milwaukee Categories + Ready Home Insert Draw Page Layout Formulas Data Review View Tell me Calibri (Body) V v 11 ' ' V Gen: ab Wrap Textv V To lili Paste U v . v ilil Merge & Center 11 X fx A B D E F G H 1 J Profit and Loss Statement For the year 2022 LEWELLEN Group Stated in 000s Category % Sales Denver Office Pilar Plata . Total 2022 $ 197,857 54,605 Revenue Manager Location 28% Cost of sales Payroll Salaries Benefits 1897 W. Clark Ave. Denver, CO 80201 (720) 555-1424 . 24% Phone 0 47,028 24,775 13,050 13% 1 7% 2. 3 9% Taxes Operating Expenses Sales and marketing General and administrative Other operating Summary Gross profit Total expenses Net profit 18,455 22,267 13,284 11% 7% 143,252 72% 70% 138,859 $ 4,393 2% 4 5 6 7 8 9 D 1 2 3 4 5 6 7 8 9 D 1 2. 3 4 Documentation Dashboard Charlotte Denver Milwaukee Categories + + Ready LA Paste UV v Av E 10 MI! HIH Merge & Center $ v % 11 fx A B C D E F G H J Profit and Loss Statement For the year 2022 1 2. 3 4 LEWELLEN Group Stated in 000s Total 2022 % Sales Category Revenue 5 6 7 8 9 $ 196,972 54,003 Manager Location 27% Cost of sales Payroll Salaries Milwaukee Office Jum Nguyen 344 E. Wisconsin Ave. Milwaukee, WI 53205 (414)555-2166 46,750 24% Phone 0 Benefits 12% 24,146 13,577 1 7% -2 .3 9% Taxes Operating Expenses Sales and marketing General and administrative Other operating Summary Gross profit 17,182 21,990 -4 11% 5 14,506 7% 6 -7 73% 8 Total expenses 142,969 138,151 $ 4,818 70% Net profit 2% 9 CO -1 2 -3 -4 5 6 27 8 9 50 1 2 3 4 Documentation Dashboard Charlotte Denver Milwaukee Categories + Ready Home Insert Draw Page Layout Formulas Data Review View V Tell me Calibri (Body) 11 X CS ' ' = = V ab Wrap Text General YXv V Paste B Uv a. Av A v Merge & Center & Delete $ % ) Insert Cell Styles Forn V Conditional Format Formatting as Table H10 x fx A A B D D E F G H 1 1 Category 2 Revenue Cost of sales 3 4 Salaries Benefits 5 6 Taxes Description Income from consulting services, including service agreements Total of all costs used to produce consulting services, including overhead and commissions Amount paid to employees as salary before taxes and withholdings Employee compensation in addition to salary, including Social Security and insurance Payroll taxes paid on salaries Amount spent on sales and marketing efforts, including advertising and promotional materials Operation expenses such as rent and utilities Other operating expenses such as equipment rental and contracted labor Categories!A1 Sales and marketing 7 8 General and administrative 9 Other operating 10 11 12 13 14 15 16 1b 17 18 19 20 21 22 23 24 25 26 Documentation Dashboard Charlotte Denver Milwaukee Categories + Daar PROJECT STEPS 1. Lonnie Holtzman is a financial analyst for the Lewellen Group, a management consulting firm headquartered in Providence, Rhode Island. The firm also has offices in Charlotte, North Carolina; Milwaukee, Wisconsin; and Denver, Colorado. Lonnie is using an Excel workbook with multiple worksheets to create a profit and loss statement for the firm. He asks for your help in completing the statement. Go to the Dashboard worksheet. Lonnie first wants to complete the list of links in the range H7:H10. In cell H7, create a hyperlink to the www.lewellen.example.net website. 2. In cell H8, create a hyperlink to the info@lewellen.example.net email address. Use Contact a Lewellen consultant as the ScreenTip text. 3. In cell H9, create a hyperlink to cell A1 in the Categories worksheet. 4. In cell H10, create a hyperlink to the workbook Support_EX19_EOM5-1_2021.xlsx, which contains Lewellen profit and loss data from 2021. 5. Lonnie wants to compare 2021 profit and loss totals to those for 2022 and needs to add the 2021 data to the Dashboard worksheet. Open the file rt_EX19_EOM5- 1_2021.xlsx. Copy the values in the range C6:C19. In cell C6 of the Dashboard worksheet in the original workbook, use the Paste Link command to create external references to the values in the Support_EX19_EOM5-1_2021.xlsx workbook. Delete the unnecessary values in cells C8, C12, and C16, and close the Support_EX19_EOM5-1_2021.xlsx workbook. 6. Lonnie needs a quick way to refer to the budgeted payroll and operating expenses. Use the name PayrollExp to define the range D9:011. Use the name OpExp to define the range D13:D15. 7. 8. In cell D18, enter a formula using the SUM function to total the expense values using the defined range names PayrollExp and OpExp. Lonnie prefers that accountants and others contact Lewellen through the link in cell H8 rather than one that connects to his email address. In cell C21, remove the hyperlink, leaving the unlinked text "Lonnie Holtzman" in the cell. Lonnie wants to combine the profit and loss data for 2022 from each of the three Lewellen offices. In cell E6, enter a formula using the SUM function, 3-D references, and grouped worksheets that totals the values from cell C6 in the Charlotte:Milwaukee worksheets. Copy the formula from cell E6 to cell E7, the range E9:E11, the range E13:E15, and the range E17:E19. In the range E17:E19, copy the formula and number formatting only. 9. 10. Go to the Charlotte worksheet. Lonnie needs to calculate the percent of sales for each expense item. Assign the defined name Revenue to cell 06. 11. In cell D7, enter a formula without using a function that divides the Cost of sales value in cell C7 by the revenue amount, using the defined name Revenue for the Charlotte worksheet. Copy the formula from cell D7 to the range D9:011, the range D13:D15, and the range D17:019. In the range D17:019, copy the formula and number formatting only. 12. Lonnie wants to apply consistent formatting to the worksheets he collected from the three Lewellen offices. Group the Charlotte, Denver, and Milwaukee worksheets, and then apply the Heading 1 cell style to cell B2 to use the same formatting as in the Dashboard worksheet. Ungroup the worksheets, and then verify that the formatting is applied to all three worksheets. Home Insert Draw Page Layout Formulas Data Review View Tell me X Calibri (Body) 11 A = ab Wrap Text General v || TH Paste B I U A Merge Center $ % ) Conditional Formatting H18 A fx A B D E G H 1 Profit and Loss Statement For the year 2022 2. LEWELLEN Group 3 4 Stated in 000s 5 Category 6 Revenue Total 2021 Total Budget Total 2022 % Change from Budget $ 583,888 -100.0% 165,135 -100.0% Links 7 8 9 Lewellen website Contact Lewellen Category list Profit and loss statement 2021 -100.0% 10 143,500 72,526 38,635 -100.0% -100.0% 11 12 13 Cost of sales Payroll Salaries Benefits Taxes Operating Expenses Sales and marketing General and administrative Other operating Summary Gross profit Total expenses Net profit 50,250 -100.0% -100.0% 65,655 41,750 -100.0% 14 15 16 17 418,753 -100.0% #DIV/0! $ 418,753 -100.0% 18 19 20 21 22 23 24 25 Prepared by Lonnie Holtsman Documentation Dashboard Charlotte Denver Milwaukee Categories + Home Insert Draw Page Layout Formulas Data Review View Tell me Calibri (Body) v 11 AI v ay Wrap Text General La Paste B I U V A ilil Merge & Center $ v 11 X fox A B D E F G H 1 J Profit and Loss Statement For the year 2022 LEWELLEN Group Stated in 000 1 2 3 4 5 6 7 8 9 % Sales Category Revenue Total 2022 $ 196,900 55,045 Manager Location Charlotte Office Ron Keller 225 E. Center St. Charlotte, NC 28214 (704)555-9801 Phone 20 46,667 24,175 13,030 1 -2 3 Cost of sales Payroll Salaries Benefits Taxes Operating Expenses Sales and marketing General and administrative Other operating Summary Gross profit Total expenses Net profit 17,950 22,035 -4 5 14,450 -6 -7 -8 141,855 138,307 $ 3,548 9 C0 1 2 3 -4 5 26 27 8 9 50 1 2 3 4 Documentation Dashboard Charlotte Denver Milwaukee Categories + Ready Home Insert Draw Page Layout Formulas Data Review View Tell me Calibri (Body) V v 11 ' ' V Gen: ab Wrap Textv V To lili Paste U v . v ilil Merge & Center 11 X fx A B D E F G H 1 J Profit and Loss Statement For the year 2022 LEWELLEN Group Stated in 000s Category % Sales Denver Office Pilar Plata . Total 2022 $ 197,857 54,605 Revenue Manager Location 28% Cost of sales Payroll Salaries Benefits 1897 W. Clark Ave. Denver, CO 80201 (720) 555-1424 . 24% Phone 0 47,028 24,775 13,050 13% 1 7% 2. 3 9% Taxes Operating Expenses Sales and marketing General and administrative Other operating Summary Gross profit Total expenses Net profit 18,455 22,267 13,284 11% 7% 143,252 72% 70% 138,859 $ 4,393 2% 4 5 6 7 8 9 D 1 2 3 4 5 6 7 8 9 D 1 2. 3 4 Documentation Dashboard Charlotte Denver Milwaukee Categories + + Ready LA Paste UV v Av E 10 MI! HIH Merge & Center $ v % 11 fx A B C D E F G H J Profit and Loss Statement For the year 2022 1 2. 3 4 LEWELLEN Group Stated in 000s Total 2022 % Sales Category Revenue 5 6 7 8 9 $ 196,972 54,003 Manager Location 27% Cost of sales Payroll Salaries Milwaukee Office Jum Nguyen 344 E. Wisconsin Ave. Milwaukee, WI 53205 (414)555-2166 46,750 24% Phone 0 Benefits 12% 24,146 13,577 1 7% -2 .3 9% Taxes Operating Expenses Sales and marketing General and administrative Other operating Summary Gross profit 17,182 21,990 -4 11% 5 14,506 7% 6 -7 73% 8 Total expenses 142,969 138,151 $ 4,818 70% Net profit 2% 9 CO -1 2 -3 -4 5 6 27 8 9 50 1 2 3 4 Documentation Dashboard Charlotte Denver Milwaukee Categories + Ready Home Insert Draw Page Layout Formulas Data Review View V Tell me Calibri (Body) 11 X CS ' ' = = V ab Wrap Text General YXv V Paste B Uv a. Av A v Merge & Center & Delete $ % ) Insert Cell Styles Forn V Conditional Format Formatting as Table H10 x fx A A B D D E F G H 1 1 Category 2 Revenue Cost of sales 3 4 Salaries Benefits 5 6 Taxes Description Income from consulting services, including service agreements Total of all costs used to produce consulting services, including overhead and commissions Amount paid to employees as salary before taxes and withholdings Employee compensation in addition to salary, including Social Security and insurance Payroll taxes paid on salaries Amount spent on sales and marketing efforts, including advertising and promotional materials Operation expenses such as rent and utilities Other operating expenses such as equipment rental and contracted labor Categories!A1 Sales and marketing 7 8 General and administrative 9 Other operating 10 11 12 13 14 15 16 1b 17 18 19 20 21 22 23 24 25 26 Documentation Dashboard Charlotte Denver Milwaukee Categories + Daar