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Default If - Then Code Help needed

I am creating a new column for an Excel program but this column needs to use
two different formulas based on a Start time in column G. If the Start time
is before midnight then I use one fomula and if the start time is after
midnight but before 4 a.m. then I use a different formula. The formulas work
perfect but I can't seem to write the initial condition correctly so that it
knows which formula to use.

Essentially, how could I write an If Then statement that says if the scan
time in cell ( #, G ) is 24:00 and < 04:00 then

Calculation # 1

Else

Calculation # 2

 
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