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CRANE COMPANY Comparative Balance Sheets December 3 1 CRANE COMPANY Income Statement For the Year Ended December 3 1 , 2 0 2 2 Additional

CRANE COMPANY
Comparative Balance Sheets
December 31
CRANE COMPANY
Income Statement
For the Year Ended December 31,2022
Additional data:
Depreciation expense was $15,400.
Dividends declared and paid were $25,800.
During the year, equipment was sold for $8,600 cash. This equipment originally cost $18,000 and had accumulated
depreciation of $9,400 at the time of sale.
Bonds were redeemed at their carrying value.
Common stock was issued at par for cash.
(a)
Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g.-15,000
or in parenthesis e.g.(15,000).)
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