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On December 1,2025, Crane Company had the account balances shown below. Inventory =(2,700$0.60) The following transactions occurred during December. Dec. 3 Purchased 3,700 units of

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On December 1,2025, Crane Company had the account balances shown below. Inventory =(2,700$0.60) The following transactions occurred during December. Dec. 3 Purchased 3,700 units of inventory on account at a cost of $0.77 per unit. 5 Sold 4.100 units of inventory on account for $0.90 per unit. (Crane sold 2,700 of the $0.60 units and 1,400 of the $0.77 units.) 7 Granted the December 5 customer $90 credit for 100 units of inventory returned costing $77. These units were returned to inventory. 17 Purchased 2,100 units of inventory for cash at $0.70 each. 22 Sold 1,800 units of inventory on account for $0.88 per unit. (Crane sold 1,800 of the $0.77 units) Prepare a classified balance sheet at December 31, 2025. (List current assets in order of liquidity.) Liabilities and Stockholders' Equity

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