Reference cells, instead of entering values. Example: =B3+C3

C18 A fx C18 A fx

CIS 7 14 15 17 18 20 25 26 27 28 33 34 35 36 37 38 c earlier statement rather than calculate the amount, thus indicating the relationship between the two statements. (All formulas must return positive values.) COMMUNICATIONS compa Income Statement Sales Revenues Expenses: Rent Expense Wages Expense utilities Expense Income Tax Expense Net income MARTA COMMUNICATIONS company Statement of Owners' Equity $34,500 2,600 4,800 $4,100 So (500) the Marta, Capital, March 1 Add: Net income Subtract: Owner Withdrawals Marta, Capital, March 31 Assets Cash Accounts receivable Office Supplies Land Total Assets MARTA COMMUNICATIONS company Balance Sheet $3,400 2,300 12,000 31 Liabilities Accounts payable Owners' Equity Marta, Capital Total Liabilities and Owners' Equity $20,800