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Listed in alphabetical order, the following selected items in thousands) were taken from Crane Information Technology Company's December 31, 2021, financial statements: 1. Accounts payable

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Listed in alphabetical order, the following selected items in thousands) were taken from Crane Information Technology Company's December 31, 2021, financial statements: 1. Accounts payable $ 800 7. Rent expense $ 4,510 2. Accounts receivable 980 8. S. Crane, capital, Jan. 1 6.130 3. Cash 4,100 9. S. Crane, drawings 3,270 4. Consulting revenue 16,900 10. Salaries expense 3,360 5. Equipment 7,510 11. Utilities expense 310 6. Interest expense 760 In each case, identify whether the item is an asset, liability, capital, drawings, revenue, or expense item and also identify which financial statement income statement, statement of owner's equity, or balance sheet each item would be reported on. The first one has been done for you as an example. 1. Accounts payable Liability Balance Sheet 2. Accounts receivable 3. Cash 4 Consulting revenue 5. Equipment L 6. Interest expense 7. Rent expense 8. S. Crane, capital, Jan. 1 - 9. S. Crane, drawings 10. Salaries expense 11. Utilities expense Assistance Used Calculate the company's profit or loss for the year ended December 31, 2021. (Enter amounts in thousands.)

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