Prepare a retained earnings statement for the year ending December 31, 2022. (List items that increase retained earnings first.) Sales Revenues Less CRANE COMPANY Retained Earnings Statement For the Year Ended December 31, 2022 Operating Expenses LA 223700 63700 500 160000

Prepare a retained earnings statement for the year ending December 31, 2022. (List items that increase retained earnings first) The adjusted trial balance of Crane Company for the year ended December 31,2022 , is as follows. The notes payable is due on January 10,2023 , and the mortgage notes payable matures in 2028, A principal payment of $2,000 is due in March 2023. (a1) Prepare a multi-step income statement for the year ending December 31.2022. The notes payable is due on January 10,2023 , and the mortgage notes payable matures in 2028. A principal payment of $2,000 is due GrossProfit 98700 Operating Expenses \begin{tabular}{|c|c|c|c|} \hline Salarles and Wages Expense & s & 45000 & : \\ \hline Depreciation Expenve & & 11500 i & \\ \hline & & & \\ \hline Rent Expense & & \( 5 5 0 0 \longdiv { \mathbf { i } } \) & \\ \hline Bad Detrexpense & & 1700i & \\ \hline & & & \\ \hline Total Opereing Expenses & & & 63700 i \\ \hline Income from Operations & & & 35000 \\ \hline Other Expenses and tosses & & & \\ \hline Interest Evonne & & & 200)i \\ \hline Net incone/itonst & & & 34700 \\ \hline \end{tabular}