Crane Company has the following balances in selected accounts on December 31, 2022. All the accounts have normal balances. The information below has been gathered at December 31, 2022. Interest will be paid when the note is repaid. 1. Crane Company borrowed $10,600 by signing a 9%, one-year note on September 1, 2022. 2. A count of supplies on December 31,2022 , indicates that supplies of $910 are on hand. 3. Depreciation on the equipment for 2022 is $1,400. 4. Crane paid $4,080 for 12 months of insurance coverage on June 1, 2022. Crane Company has the following balances in selected accounts on December 31, 2022. All the accounts have normal balances. The information below has been gathered at December 31, 2022. Interest will be paid when the note is repaid. 1. Crane Company borrowed $10,600 by signing a 9%, one-year note on September 1, 2022. 2. A count of supplies on December 31,2022 , indicates that supplies of $910 are on hand. 3. Depreciation on the equipment for 2022 is $1,400. 4. Crane paid $4,080 for 12 months of insurance coverage on June 1, 2022