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Current Attempt in Progress The following are Crane Corp.'s comparative balance sheet accounts at December 31, 2020 and 2019, with a column showing the
Current Attempt in Progress The following are Crane Corp.'s comparative balance sheet accounts at December 31, 2020 and 2019, with a column showing the increase (decrease) from 2019 to 2020. COMPARATIVE BALANCE SHEETS 2020 2019 Increase (Decrease) Cash $821,300 $694,000 $127,300 Accounts receivable 1,124,400 1,158,200 (33,800 ) Inventory 1,852,600 1,702,600 150,000 Property, plant, and equipment 3,300,400 2,951,400 349,000 Accumulated depreciation (1,174,500) (1,048,100 ) (126,400 ) Investment in Myers Co. 312,300 273,800 38,500 Loan receivable 250,100 250,100 Total assets $6,486,600 $5,731,900 $754,700 Accounts payable $1,019,600 $959,800 $59,800 Income taxes payable 29,800 50,100 (20,300 ) Dividends payable 79,400 99,100 (19,700 ) Lease liabililty 408,500 408,500 Common stock, $1 par 500,000 500,000 Paid-in capital in excess of par-common stock 1,504,000 1,504,000 Retained earnings 2,945,300 2,618,900 326,400 Total liabilities and stockholders' equity $6,486,600 $5,731,900 $754,700
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