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Prepare a retained earnings statement. (List items that increase retained earnings first.) Crane Corporation's capital structure consists of 50,000 shares of common stock. At December
Prepare a retained earnings statement. (List items that increase retained earnings first.) Crane Corporation's capital structure consists of 50,000 shares of common stock. At December 31,2025 an analysis of the accounts and discussions with company officials revealed the following information: The amount of income taxes applicable to income was $68,820, excluding the tax effect of the discontinued operations loss, which amounted to $24,600
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