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Please answer this question The following information comes from the accounting records of Crane Ltd.: 202220232024 Statement of Financial Position Assets Liabilities and shareholders' equity
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The following information comes from the accounting records of Crane Ltd.: 202220232024 Statement of Financial Position Assets Liabilities and shareholders' equity Accounts payable Statement of Income Liabilities and shareholders' equity \begin{tabular}{lrrrr} Accounts payable & $150,000 & $171,000 & $189,000 \\ Long-term debt & 301,000 & 326,000 & 517,000 \\ Commonshares & 792,000 & & 792,000 & 792,000 \\ Retained earnings & 52,300 & & 44,000 & 56,000 \\ & $1,295,300 & & $1,333,000 & $1,554,000 \\ \hline \end{tabular} Statement of Income - The following information comes from the accounting records of Crane Ltd.: 202220232024 Statement of Financial Position Assets Liabilities and shareholders' equity Accounts payable Statement of Income Liabilities and shareholders' equity \begin{tabular}{lrrrr} Accounts payable & $150,000 & $171,000 & $189,000 \\ Long-term debt & 301,000 & 326,000 & 517,000 \\ Commonshares & 792,000 & & 792,000 & 792,000 \\ Retained earnings & 52,300 & & 44,000 & 56,000 \\ & $1,295,300 & & $1,333,000 & $1,554,000 \\ \hline \end{tabular} Statement of IncomeStep by Step Solution
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