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Crane Corporation had income from operations of $6,433,500. In addition, it suffered an unusual and infrequent pretax loss of $778,800 from a volcano eruption,
Crane Corporation had income from operations of $6,433,500. In addition, it suffered an unusual and infrequent pretax loss of $778,800 from a volcano eruption, interest revenue of $18,630, and a write-down on buildings of $56,090. The corporation's tax rate is 30%. Prepare a partial income statement for Crane beginning with Income from operations. The corporation had 4,958,200 shares of common stock outstanding during 2025. (Round earnings per share to 2 decimal places, e.g. 1.48.) CRANE CORPORATION Income Statement (Partial) For the Year Ended December 31, 2025 Income from Operations Other Revenues and Gains Interest Revenue Other Expenses and Losses Loss due to Volcano Eruption Impairment Loss - Building Income before Income Tax Income Tax Net Income/(Loss) Earnings per Share of Common Stock Net Income/(Loss) eTextbook and Media 69 787,800 56090 $ $ 6433500 18630 6,452,130 5,608,240
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