Exercise 14-13 a-b In 2020, Crane Corporation had net sales of $609,000 and cost of goods sold of $359,000. Operating expenses were $152,000, and interest expense was $8,000. The corporation's tax rate is 32%. The corporation declared preferred dividends of $12,500 in 2020, and its average common stockholders' equity during the year was $182,000. Prepare an income statement for Crane Corporation. CRANE CORPORATION Income Statement LINK TO TEXT LINK TO TEXT Compute Crane Corporation's return on common stockholders' equity for 2020. (Round answer to 1 decimal place, e.g. 10.5%.) Return on common stockholders' equity % Click if you would like to Show Work for this question: Open Show Work