Crane Company has recently decided to go public and has hired you as an independent CPA One statement that the enterprise is anxious to have prepared is a statement of cash flows. Financial statements of Crane Company for 2022 and 2021 are provided below. Cash Accounts receivable Inventory Property, plant and equipment Less accumulated depreciation BALANCE SHEETS 12/31/22 $406000 358000 383000 $609000 (318000) 291000 $1438000 12/31/21 $ 192000 216000 480000 $961000 (305000) 656000 $1544000 Accounts payable Income taxes payable Bonds payable Common stock Retained earnings $ 176000 351000 359000 204750 347250 $1438000 $ 98000 393000 601000 214000 238000 $1544000 $8420000 7150000 1270000 INCOME STATEMENT For the Year Ended December 31, 2022 Sales revenue Cost of sales Gross profit Selling expenses $602000 Administrative expenses 194000 Income from operations Interest expense Income before taxes Income taxes Net income 796000 474000 71000 403000 100750 $ 302250 The following additional data were provided: 1. Dividends for the year 2022 were $193000. 2. During the year, equipment was sold for $239000. This equipment cost $352000 originally and had a book value of $291000 at the time of sale. The loss on sale was incorrectly charged to cost of sales. 3. All depreciation expense is in the selling expense category. The net cash provided by operating activities is $302250. O $208250. O $250250. O $419250