Is there a way to carry formatting to a different sheet?

Z

ZBC2

e.g.

If cell A1 in Sheet 1 contains "This is a Statement" and the word
'Statement' is formatted in color Red and/or a different font and A1 on
Sheet 2 contains something like:

='Input Sheet'!$A$1

can I get it to show up the same on Sheet2 in cell A1?
 
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