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Exercise 23-11 Condensed financial data of Crane Company for 2017 and 2016 are presented below. CRANE COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2017

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Exercise 23-11 Condensed financial data of Crane Company for 2017 and 2016 are presented below. CRANE COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2017 AND 2016 FOR THE YEAR ENDED DECEMBER 31, Additional information: During the year, $60 of common stock was issued in exchange for plant assets. No plant assets were sold in 2017 Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a -sign e.g. -15,000 or in parenthesis e.g. (15,000).) CRANE COMPAN Statement of Cash Flows

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