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Crane Company's balance sheet accounts as of December 31, 2021 and 2020 and information relating to 2018 activities are presented below. December 31, 2021 2020
Crane Company's balance sheet accounts as of December 31, 2021 and 2020 and information relating to 2018 activities are presented below. December 31, 2021 2020 $ 198000 Assets Cash Short-term investments Accounts receivable (net) Inventory Long-term investments Plant assets Accumulated depreciation Patent $ 438000 598000 1000000 1360000 398000 3380000 (898000) 178000 $6454000 1000000 1180000 598000 1980000 (898000) 198000 $4256000 Total assets $1640000 $1420000 Liabilities and Stockholders' Equity Accounts payable and accrued liabilities Notes payable (nontrade) Common stock, $10 par Additional paid-in capital Retained earnings Total liabilities and stockholders' equity 578000 1598000 798000 1840000 $6454000 1380000 498000 958000 $4256000 Information relating to 2021 activities: Net income for 2021 was $1480000. Cash dividends of $598000 were declared and paid in 2021. Equipment costing $980000 and having a carrying amount of $318000 was sold in 2021 for $358000. A long-term investment was sold in 2021 for $318000. There were no other transactions affecting long-term investments in 2021 21800 shares of common stock were issued in 2021 for $25 a share. Short-term investments consist of treasury bills maturing on 6/30/22. Net cash provided by Crane's 2021 financing activities was O $1721000. O $565000. O $525000. O $1123000
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