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help You have been retained ty Crane Company to straighten out its accounting records. The companys trusted accountant for the past 25 vears suddenly retired

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You have been retained ty Crane Company to straighten out its accounting records. The companys trusted accountant for the past 25 vears suddenly retired to a tropicat island in the South Pacific and, in his rush to get swry, he seems to have misplaced the company's accounting records. Now the bank has asked for the latest financial statemients, so it can determine whether to renew the company s loan Luckly, you managed to find the following listing of accounts and their balances, in alphabetical order, written on the back of one of the accountant's travel brochures Based on the information avallable, prepare a statement of income for the year 2024. (Enter loss amounts using either o negative sign preceding the number e. 3.45 or porentheses es. (45).) Based on the information available, prepare a statement of financial position as at December 31, 2024. Note that there is no amount available for Retained Earnines. so vou will have to enter whatever amount is renuired tn make

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