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Default Formating numbers &"Text" to appear as currency &"Text" in formula

Hi,
There was no prior question to this issue. So I thought this would be a
challenge...

Using Windows XP with Excel 2003. The content of the cell is:
=if(A1A2," You owe me "&(A2-A1),if(A1<A2,"I owe you "&(A1-A2),"No
outstandings"),"")

Sample of outcome is
You owe me 556677.123

Would like the outcome to be
You owe me $556,677.13

Already tried changing cell format to Currency but still appears as sample
outcome. Thank you for all responses.

PS: A hearty appreaciation if anyone sends me $556,677.13 :D
 
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