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Crane Corporation's comparative balance sheets are as follows. CRANE CORPORATION Comparative Balance Sheets December 31 Additional information: 1. Net income was $18,750. Dividends declared and
Crane Corporation's comparative balance sheets are as follows. CRANE CORPORATION Comparative Balance Sheets December 31 Additional information: 1. Net income was $18,750. Dividends declared and paid were $15,600. 2. Equipment which cost $10,100 and had accumulated depreciation of $1,900 was sold for $3,700. 3. No noncash investing and financing activities occurred during 2022. 4. Bonds were retired at their carrying value. Prepare a statement of cash flows for 2022 using the indirect method. (Show amounts that decrease cash fiow with either - sign eg. 15,000, or in parenthesis e.g. (15,000) ) Compute free cash flow. (Enter negative amount using either o negotive sign preceding the number eg. -45 or parentheses eg. (45).)
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