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Condensed financial data of Crane Inc. follow. begin{tabular}{lrr} hline Liabilities and Stockholders' Equity & & hline Accounts payable & $111,300 & $67,100 Accrued

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Condensed financial data of Crane Inc. follow. \begin{tabular}{lrr} \hline Liabilities and Stockholders' Equity & & \\ \hline Accounts payable & $111,300 & $67,100 \\ Accrued expenses payable & 16,100 & 17,400 \\ Bonds payable & 118,400 & 149,600 \\ Common stock & 220,900 & 174,000 \\ Retained earnings & 254,400 & 103,100 \\ \hline Total & $721,100 & $511,200 \\ \hline \end{tabular} CRANE INC. Income Statement For the Year Ended December 31, 2022 Sales revenue $391,600 Less: \begin{tabular}{|c|c|c|} \hline Cost of goods sold & $134,600 & \\ \hline Operating expenses, excluding depreciation & 12,200 & \\ \hline Depreciation expense & 30,600 & \\ \hline Income tax expense & 27,500 & \\ \hline Interest expense & 5,000 & \\ \hline Loss on disposal of plant assets & 7,500 & 217,400 \\ \hline ncome & & $174,200 \\ \hline \end{tabular} 1. New plant assets costing $79,700 were purchased for cash during the year. 2. Old plant assets having an original cost of $46,500 and accumulated depreciation of $36,000 were sold for $3,000 cash. 3. Bonds payable matured and were paid off at face value for cash. 4. A cash dividend of $22,900 was declared and paid during the year: 5. Common stock was issued at par for cash. 6. There were no significant noncash transpetions. Prepare a statement of cash flows using the indirect method, (Show amounts that decrease cash flow with either asign eg. 15,000 or in parenthesis es. (15,000)

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