provude formula please

? FILE Sign In M Paste A V V 4 B. Preparing an income statement - Excel HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Calibri -11 AA 96 BIU- A Alignment Number Conditional Format as Cell Cells Editing Formatting Table Styles Clipboard Font Styles fu The list below shows select accounts for Reading Readiness Company as of B D E F The list below shows select accounts for Reading Readiness Company as of January 31, 20X1. 2 (Accounts are in alphabetical order.) 3 Accounts Payable $ 8,088 5 Accounts Receivable 6,960 6 Cash 13,445 7 Equipment 4,800 8 Insurance Expense 1.350 9 Operating Expense 11,800 10 Other Expenses 3482 11 Other Revenues 6,050 12 Rent Expense 4,800 13 Salaries Expense 6,882 14 Short-term Notes Payable 17,200 15 Test Prep Revenue 15400 16 Tutoring Revenue 17 Unearned Revenue 1,046 18 19 Required: 20 1. Prepare an Income Statement for the month ended January 31, 20X1. 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. 23 24 2. After entering the formula in cell C42, use the Excel IF function to label cell B42 as either "Net Income" or Sheet1 Calibri - 11 - AA 96 M M Paste BTU - - Cells Editing Alignment Number Conditional Format as Cell Formatting Table Styles Clipboard Font styles > A1 The list below shows select accounts for Reading Readiness Company as of D E F B 19 Required: 20 1. Prepare an Income Statement for the month ended January 31, 20X1. 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. 23 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. 26 27 READING READINESS Company 28 Income Statement 29 For the Month Ended January 31, 20X1 30 Revenues: 31 Test Prep Revenue 32 33 Total Revenues 35 Expenses: 36 37 38 39 40 41 Total Expenses 42 34