Crane Limited reported the following selected information for the year ended March 31, 2021: Advertising expense $5,000 Interest expense $5,800 Cash dividendscommon 6,000 Loss on discontinued operations 20,000 Depreciation expense 4,000 Rent revenue 32,000 Fees earned 62,000 Retained earnings, April 1, 2020 21,000 Gain on disposal of equipment 2,000 Telephone expense 8,000 Holding loss on equity investments 3,000 Income tax payable 5,300 The companys income tax rate is 30%. The company reports gains and losses on its equity investments as other comprehensive income.

Prepare an income statement and a separate statement of comprehensive income for Crane Limited. CRANE LIMITED Statement of Comprehensive Income