Crane Company Comparative Balance Sheets December 31 Liabilities and Stockholders' Equity \begin{tabular}{|c|c|c|} \hline Accounts payable & $66,300 & $73,100 \\ \hline Bonds payable & 255,000 & 340,000 \\ \hline Common stock (\$1 par) & 367,200 & 295,800 \\ \hline Retained earnings & 326,400 & 234,600 \\ \hline Tota! & $1,014,900 & $943,500 \\ \hline \end{tabular} 1. Net income for 2025 was $158,100. 2. Depreciation expense was $57,800. 3. Cash dividends of $66,300 were declared and paid. 4. Bonds payable with a carrying value of $85,000 were redeemed for $85,000 cash. 5. Common stock was issued at par for $71,400 cash. 6. No equipment was sold during 2025. 7* Land was sold for its bookyalue. CRUME COMPAMY Statement of Cash Flows - Indirect Method