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Here are incomplete financial statements for Crane Company. Calculate the missing amounts. $29,700 (a) 60,300 $ (b) CRANE COMPANY Balance Sheet Assets Cash Supplies Equipment

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Here are incomplete financial statements for Crane Company. Calculate the missing amounts. $29,700 (a) 60,300 $ (b) CRANE COMPANY Balance Sheet Assets Cash Supplies Equipment (net) Total assets Liabilities and Stockholders' Equity Liabilities Notes payable Stockholders' Equity Common stock Retained earnings Total liabilities and stockholders' equity $ $22,500 38,300 (c) (d) CRANE COMPANY Income Statement Revenues $54,000 (e) 12,200 Depreciation expense Salaries and wages expense Interest expense Net income 1,800 $24,300 CRANE COMPANY Retained Earnings Statement Beginning retained earnings (f) g) Add: Net income Less: Dividends Ending retained earnings 5,000 $37,200

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