Combine IF(Vlookup and IFERROR(Vlookup

[2Dogs6]

Is it possible to combine the two vlookup formulas listed below?  I have tried so many different ways with no success. I am using Microsoft Excel 2016. 

Some of the data will have costs more or less than $0 and some will have a cost equal to $0.  Unfortunately some of the data being looked up from one sheet will not be listed in the lookup sheet. So I need the iferror to have a result of "No Data".  But if the Lookup Value (column A) does exist and is equal to 0 then the result needs to state "Cancelled".  For all other costs the result will be "Valid".  There will be no blank data.  Thank you for your help.

=IFERROR(VLOOKUP($A2,Sheet2!$A:$C,2,0),"No Data")

and

=IF(VLOOKUP($A2,Sheet2!$A:$C,2,0)=0,"Cancelled","Valid")

[#2 · Accepted solution]

@2Dogs6 

=IFERROR(IF(VLOOKUP($A2,Sheet2!$A:$C,2,0)=0,"Cancelled","Valid"),"No Data")

Does this return the intended results?

[#3]

@2Dogs6 

Perhaps

=IFNA( IF(VLOOKUP($A1,Sheet2!$A:$C,2,0)=0,"Cancelled","Valid"), "No Data" )

[#4]

I knew it was an easy answer just couldn't get anything to show up in a google search. This worked perfectly. Thank you.

[#5]

This one worked perfectly as well. Thank you.

[#6]

@2Dogs6 , you are welcome