Exercise 23-12 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 Cash Receivables Inventory Plant assets Accumulated depreciation Long-term investments (held-to-maturity) 2017 $1,810 1,740 1,630 1,910 2016 $1,160 1,310 1,890 1,720 (1,220) (1,180) 1,420 $6,320 1,280 $7,150 Accounts payable Accrued liabilities Bonds payable Common stock Retained earnings $1,220 190 1,420 1,940 2,380 $920 240 1,580 1,730 1,850 $7,150$6,320 Exercise 23-12 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 Cash Receivables Inventory Plant assets Accumulated depreciation Long-term investments (held-to-maturity) 2017 $1,810 1,740 1,630 1,910 2016 $1,160 1,310 1,890 1,720 (1,220) (1,180) 1,420 $6,320 1,280 $7,150 Accounts payable Accrued liabilities Bonds payable Common stock Retained earnings $1,220 190 1,420 1,940 2,380 $920 240 1,580 1,730 1,850 $7,150$6,320