Question
Here are incomplete financial statements for Crane Corporation. Calculate the missing amounts. Cash Supplies Equipment (net) Total assets Liabilities Notes payable Stockholders' equity Common
Here are incomplete financial statements for Crane Corporation. Calculate the missing amounts. Cash Supplies Equipment (net) Total assets Liabilities Notes payable Stockholders' equity Common stock Retained earnings Revenues Total liabilities and stockholders' equity Depreciation expense Salaries and wages expense Interest expense Net income Add: Net income Liabilities and Stockholders' Equity Beginning retained earnings Less: Dividends Crane Corporation Balance Sheet Assets Ending retained earnings LA $ Retained Earnings Statement Income Statement $29,900 60,800 $23,100 37,200 $58,500 12,600 1,200 $26,500 7,000 $36,400 (a) (b) (c) (d) (e) (f) CO
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