solve with excel formulas

A1 Noodles Unlimited, Inc. sells swimming pool toys. The following adjusted trial \begin{tabular}{|c|c|c|c|} \hline & ning & A & c \\ \hline 2 & is for the year ended December 31,201 & & \\ \hline 3 & & & \\ \hline 4 & Aczourtitit & Debits & Gredits \\ \hline 5 & Cash & $37,500 & \\ \hline 6 & Accounts Receivable & 28,600 & \\ \hline 7 & Inventory & 43,300 & \\ \hline 8 & Prepaid Rent & 2,000 & \\ \hline 9 & Land & 48,300 & \\ \hline 10 & Accounts Payable & & 8,800 \\ \hline 11 & Notes Payable & & 20,000 \\ \hline 12 & Common Stock & & 75,000 \\ \hline 13 & Retained Earnings, January 1, 20X1 & & 31,800 \\ \hline 14 & Sales Revenue & & 175,500 \\ \hline 15 & Sales Returns and Allowances & 4,700 & \\ \hline 16 & Sales Discounts & 6,000 & \\ \hline 17 & Cost of Goods Sold & 67,700 & \\ \hline 18 & Salaries and Wages Expense & 25,900 & \\ \hline 19 & Utility Expense & 13,800 & \\ \hline 20 & Rent Expense & 24,000 & \\ \hline 1 & Interest Expense & 1,600 & \\ \hline & Income Tax Expense & 7,700 & \\ \hline & Totals & $311,100 & $311,100 \\ \hline \end{tabular} Clpboard Fort Formatting Tible Styles: sityles A1 Noodles Unlimited, Inc. sells swimming pool toys. The following adjusted trial Required: A B C D E F 1. Prepare a multistep income statement that would be used for intemal reporting purposes. Note: When more than one correct account could appear in a cell, list items in order of largest to smallest dollar amounts. Use cell referencing to select occount titles and values. All numbers should appear as positive numbers. 2. Use the Excel If function to label cell AS1 as either "Net Income" or "Net Loss" as appropriate based on the value calculated in cell 851 . \begin{tabular}{|l|l|} \hline \multicolumn{2}{|c|}{ NoODIES UNLIMITED, INC } \\ \hline \multicolumn{2}{|c|}{ Income Statement } \\ \hline Less: \\ \hline \\ \hline Net Sales & \\ \hline \\ \hline Gross Margin & \\ \hline Expenses: & \\ \hline \\ \hline \end{tabular} 3. Compute the gross margin percentage. Note: Make sure to include 100 at the end of your formula in order to convert the decimal to a percentage