Crane Company Worksheet For the Year Ended December 31, 2020 Income Statement Balance Sheet Account Titles Account No. 101 Dr. Cr. Dr. Cr. 112 8,800 10,800 3,000 24,500 130 157 158 201 4,600 9,200 2,600 20,000 212 301 306 Cash Accounts Receivable Prepaid Insurance Equipment Accumulated Depreciation - Equip. Accounts Payable Salaries and Wages Payable Owner's Capital Owner's Drawings Service Revenue Maintenance and Repairs Expense Depreciation Expense Insurance Expense Salaries and Wages Expense Utilities Expense Totals Net Income 12,100 400 60,500 622 711 722 726 1,600 3,100 1,800 29,800 1,400 37,700 22,800 60,500 732 60,500 59,200 36,400 22,800 60,500 59,200 59,200 inment (a2) Prepare owner's equity statement. (List items that increase owner's equity first.) CRANE COMPANY Owner's Equity Statement