CALCULATOR LAOR NERT Exercise 4-06 Crane Company, a ski tuning and repair shop, opened on November 1, 2021. The company carefully kept track of all its cash receipts and cash payments. The following information is available at the end of the ski season, April 30, 2022. Cash Cash Receipts Payments Issuance of common shares $20,000 Payment to purchase repair shop equipment $9.410 Rent payments to landlord 1.190 Newspaper advertising payment 360 Utility bill payments 980 Part-time helper's wage payments 2.000 Income tax payment 10.100 Cash receipts from ski and snowboard repair services 31,400 Subtotals 51.400 24.110 27.290 Cash balance $51.400 $51.400 Totals The repair shop equipment was purchased on November 1 and has an estimated seful life of 5 years. Lease payment to the landlord are made at the beginning of each month. The part-time helper is owed $405 at April 30. 2022. for unpaid wages. At April 30, 2022. Customers ove Crane Company 5440 for services they have received but have not yet paid for Prepare an accrual-basis income statement for the 6 months ended April 30, 2022. CRANE COMPANY Income Statement EK 4-06 4-02 v em 4 V Score ew ults by EX ective Prepare the April 30, 2022, classified balance sheet. (List Current Assets in order of liquidity.) CRANE COMPANY Balance Sheet Assets Liabilities and Stockholders' Equity o Help System Announcements Liabilities and Stockholders' Equity $ Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS