this assignment is on the course hero website but there is not a completed in come statement. i am looking for the answers

Comparative Income Statements Using Excel For this assignment, you will use your accounting knowledge and spreadsheet skills to prepare comparative multi-step income statements, including common size information. This comprehensive problem is not a group assignment, and you are to complete it without sharing your work with others inside or outside the course. Problem Information: The owners of Cyclepath Bicycle Store have asked you to prepare comparative income statements for the fiscal years ended March 31, 2016 and 2017. To aid in their analysis, the owners would also like you to provide common size information with the comparative statements (vertical analysis). They have provided an alphabetical list of account names and balances for the store on the second page. All accounts have normal balances. Guidelines: 1. Use Excel to prepare a professional work product for the owners. Fit the financial information on one worksheet in print-ready form. 2. Refer to the format on the third page to prepare Cyclepath's income statements. Notice that it uses the multi-step format and also includes columns for common size information. Use the numbers provided as check figures. 3. Refer to chapter 4 of the Edmonds textbook if you are not sure what should be classified as Nonoperating Items. 4. List expense accounts separately and show expenses as negative numbers. 5. Provide common size information for all statement line items, not just subtotals and totals. 6. Format numbers as follows: Use commas Use brackets ( ) for negative numbers Use whole numbers (zero places behind the decimal point) Right align; do not center Use dollar signs ($) where appropriate on the financial statements Use two decimal places (e.g., 50.46 and 8.42) for the common size information Pay attention to the placement of underlines, both single and double, and centering of column headings 7. Make use of Excel formulas wherever possible. This assignment is worth 50 points, allocated as follows: Correct numbers for income statements Correct common size percentages Use of formulas Professional appearance 22 8 8 12 50 1 Cyclepath Bicycle Store Account Balances 3/31/16 3/31/17 Accounts Payable 30,600 22,700 Accounts Receivable 25,100 45,200 162,000 166,800 7,500 12,600 48,000 48,000 189,300 205,800 Dividends 3,000 4,000 Equipment 52,000 58,000 0 4,000 Insurance Expense 9,000 10,500 Interest Expense 3,000 4,200 Interest Payable 1,000 1,600 Interest Receivable 2,000 0 Interest Revenue 2,000 400 Inventory 28,300 34,800 Land 89,000 62,000 2,000 500 60,000 75,000 Prepaid Insurance 8,000 9,500 Rent Expense 6,000 6,200 Retained Earnings 214,300 230,000 Salaries Expense 32,000 35,300 Salaries Payable 3,300 1,500 295,000 315,000 11,000 9,000 Shipping Expense 8,000 9,000 Supplies 4,000 6,000 Supplies Expense 9,000 11,500 Telephone Expense 4,000 4,800 Unearned Revenue 5,000 4,400 Utilities Expense 5,000 6,900 Building Cash Common Stock Cost of Goods Sold Gain on Sale of Land Miscellaneous Expense Notes Payable Sales Sales Returns & Allowances 2 Use the following format to assist you in preparing the owners' request. 3