If is it that simple why hasn’t someone re-created it a a lab somewhere?
Science can’t create on purpose what they emphatically believe was created by accident. Who has more faith; the evolutionist or the creationist?
You highlighted the exact reason it's not so simple: we haven't invested the time. Evolution has taken billions of years. We've only been researching it for less than a couple hundred years.
As a person who believes in a young earth I think the formula is more accurately expressed as:
TIME + carbon + calcium + oxygen + hydrogen + phosphorus + sugars + and other elements and gases <> LIFE
I firmly believe that things evolve in micro ways but the complexity of LIFE requires a large number of interacting systems, symbiotic relationships, balance, timing etc. that could not evolve to the present state in the amount of time that science suggests the universe has existed.
The human body is amazing. It manufactures at least 53 different hormones (http://users.rcn.com/jkimball.ma.ultranet/BiologyPages/H/HormoneTable.html) and there are 12 systems (8 of which are organ systems). Additionally, there are 5 senses and each one is as amazing as the other.
Too much complexity, variation, and beauty for it (LIFE) to have been created by accident.