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Crane Inc. is a book distributor that had been operating in its original facility since 1 9 9 5 . The increase in certification programs

Crane Inc. is a book distributor that had been operating in its original facility since 1995. The increase in certification programs and continuing education requirements in several professions has contributed to an annual growth rate of 15% for Crane since 2020. Crane's original facility became obsolete by early 2025 because of the increased sales volume and the fact that Crane now carries DVDs in addition to books.
On June 1,2025, Crane contracted with Black Construction to have a new building constructed for $4,080,000 on land owned by Crane. The payments made by Crane to Black Construction are shown in the schedule below.
\table[[Date,Amount,],[July 30,2025,,$918,000
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