Reading Readiness, Inc. has provided you its list of accounts and balances as of January 31. The Controller has asked you to prepare an Income Statement for the month ended January 31. Use the information included in the Excel Simulation and the Excel functions described below to complete the task.

9 ended January 31. Use the information included in the Excel Simulation and the Excel functions described below to complete the task. output the result from cell C11, or 6,050 in this example 8 formula, and the result would be 17,732 in this example the status of a cell, such as if the value of a cell is greater than, less than, or 3 urn will return the value if true or value if false VXfThe list below shows select accounts for Reading Readiness, Inc. as of January 31,' 19 Required: 20 1. Prepare an Income Statement for the month ended January 31,20X1. Use cell reference:s 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" oir 25 "Net Loss" as appropriate based on the value calculated in cell C42. 26 27 28 29 30 31 32 Income Statement For the Month Ended January 31, 20X Revenues: otal Revenues 34 35 36 37 38 39 40 xpenses: otal EXpenses 42 43 ...Sheet1 READY + 100%