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Here are incomplete financial statements for Crane Company. Calculate the missing amounts. CRANE COMPANY Balance Sheet Assets Cash $ 12,100 Inventory 15,100 Buildings 39,900 Total
Here are incomplete financial statements for Crane Company. Calculate the missing amounts. CRANE COMPANY Balance Sheet Assets Cash $ 12,100 Inventory 15,100 Buildings 39,900 Total assets $67,100 Liabilities and Stockholders' Equity Liabilities Accounts payable $5,700 Stockholders' Equity Common stock Retained earnings Total liabilities and stockholders equity $67.100 CRANE COMPANY Income Statement Revenues $85,700 Cost of goods sold Salaries and wages expense 10,330 Net income CRANE COMPANY Retained Earnings Statement Beginning retained earnings $17,100 Add: Net income Less: Dividends 4,970 Ending retained earnings $32,100
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