This project was designed to review the basics of the articulation of statements, the ideas of systems, and the functionality of Excel.

You are asked to design a file with multiple sheets in order to prepare an Income Statement, Statement of Retained Earnings, and Balance Sheet. The sheets should be linked with only formulas in the cells (except for the data sheet).

Is the above project a system? If yes, what type? Is it a type of cycle? If yes, which one is it? Explain