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Default Changing font color based on positive or negative number

Hello everyone,

I'm attempting to make a budget in Excel and would like to format a cell to
turn bold and red when the sum equals a negative number and for the cell to
turn bold and black when the sum equals a positive number. I believe there
is a way to do it but I'm not sure how to go about doing so. Any help you
can provide would be great. Thanks!
 
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