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Crane Company's balance sheet accounts as of December 31, 2021 and 2020 and information relating to 2021 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 2021 activities are presented below.

December 31,
2021 2020
Assets
Cash $ 439000 $ 202000
Short-term investments 598000
Accounts receivable (net) 1040000 1040000
Inventory 1400000 1200000
Long-term investments 398000 600000
Plant assets 3420000 2000000
Accumulated depreciation (899000) (899000)
Patent 182000 199000
Total assets

$6578000

$4342000

Liabilities and Stockholders' Equity
Accounts payable and accrued liabilities $1650000 $1430000
Notes payable (nontrade) 581000
Common stock, $10 par 1613000 1400000
Additional paid-in capital 801000 499000
Retained earnings 1933000 1013000
Total liabilities and stockholders' equity

$6578000

$4342000

Information relating to 2021 activities: Net income for 2021 was $1520000. Cash dividends of $600000 were declared and paid in 2021. Equipment costing $990000 and having a carrying amount of $322000 was sold in 2021 for $362000. A long-term investment was sold in 2021 for $322000. There were no other transactions affecting long-term investments in 2021. 21300 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 Cranes 2021 operating activities was

$2105000.

$2065000.

$1520000.

$2145000.

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