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Please, I need answer for everything. Thank you Crane Company reported the following information for 2022. Crane Company Comparative Balance Sheets December 31 Assets 2022
Please, I need answer for everything. Thank you Crane Company reported the following information for 2022. Crane Company Comparative Balance Sheets December 31 Assets 2022 2021 Change Increase/Decrease Cash $ 35,400 $21,600 $ 13,800 Increase 24,000 Increase Accounts receivable 37,200 13,200 Inventory 26,400 26,400 Increase Prepaid expenses 2,400 1,200 Increase 3,600 33,000 Land 42,000 9,000 Decrease 120,000 120,000 -0- Buildings Accumulated depreciation--buildings Equipment (12,600) (8,400) 4,200 Increase 109,800 40,800 69,000 Increase Accumulated depreciation-equipment ( 16,800) (6.000) 10,800 Increase Totals $336,000 $225,600 Liabilities and Stockholders' Equity $ 25,800 $ 24,000 $ 1.800 Increase 0 Accounts payable Accrued expenses payable Bonds payable Common stock ($1 par) 6,000 6,000 Decrease 60,000 90,000 30,000 Decrease 138,000 36,000 102,000 Increase Retained earnings 112,200 69,600 42,600 Increase Totals $336,000 $ 225,600 Crane Company Income Statement For the Year Ended December 31, 2022 Sales revenue $ 564,600 Cost of goods sold $285,000 Operating expenses 138,600 Interest expense 7,200 1,200 432,000 Loss on disposal of equipment Income before income taxes 132,600 Income tax expense 39,000 Net income $ 93,600 2 3 Additional information: 1. Operating expenses include dpreciation expense of $ 24.000. Land was sold at its book value for cash, Cash dividends of $ 51,000 were declared and paid in 2022 4 Equipment with a cost of $ 99,600 was purchased for cash. Equipment with a cost of $ 30.600 and a book value of $ 21,600 was sold for $ 20,400 cash. Bonds of $ 30,000 were redeemed at their face value for cash Common stock (51 par) or $ 102,000 was issued for cash 5 6 Use this information to prepare a statement of cash flows using the Indirect method. (Show amounts that decrease cash flow with either a - signe.3. - 15,000 or in parenthesis es. (15,000).) Crane Company Statement of Cash FlowsIndirect Method Adjustments to reconcile net income to +
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