$145,200 105,000 40,200 Crane Company Income Statement For the Year Ended December 31, 2022 Sales revenue Cost of goods sold Gross profit Selling expenses $10,800 Administrative expenses 3,600 Income from operations Interest expense Income before income taxes Income tax expense Net income 14,400 25,800 1,800 24,000 4,800 $ 19,200 Additional data: 1. Depreciation expense was $10,500. 2. Dividends declared and paid were $12,000. 3. During the year equipment was sold for $5,100 cash. This equipment cost $10,800 originally and had accumulated depreciation of $5,700 at the time of sale. Prepare a statement of cash flows using the indirect method. (Show amounts that decre sign e.g. -15,000 or in parenthesis e.g. (15,000).) Crane Company Statement of Cash Flows Adjustments to reconcile net income to