Crane Grove Hardware has the following balances in the company ledgers for the year ending December 31: Mortgage Payable Prepaid Insurance Short-term investments Common Shares Cash Advertising Accounts Receivable Sales revenue Accounts Payable Buildings (Net) Cost of Goods Sold Note Payable (due in 9 months) Retained Earnings (Beg Bal-Jan 1) $84,700 Interest Expense $3,900 Land $3,900 Office salaries $10,000 Sales Salaries $29,900 Supplies expense $45,200 Insurance expense $16,200 Depreciation expense $604,300 Income tax expense $13,500 Dividend Payments $95,500 Interest Income $295,800 $5,400 $41,900 Inventory $9,400 $23,700 $69,600 $96,800 $24,000 $12,400 $17,000 $5,000 $5,900 $15,700 $21,300 udig Using the above information, prepare the Statement of Income. CRANE GROVE HARDWARE STATEMENT OF INCOME For the Year Ended December 31