Prepare a single-step statement of income. CRANE CORPORATION Statement of Income (Single-Step) Year Ended December 31, 2024 Revenues Sales $2693080 Cost of Goods Sold Total Revenues $ Freight Out $26000 Salaries Expense Insurance Expense Depreciation Expense RefundliabilityRentincomeRetainedearningsSalariesexpenseSales19,76024,960556,400733,2002,693,080 The following selected accounts from Crane Corporation's general ledger are presented below for the year ended December 31, 2024: Expenses Freight Out $26000 Salaries Expense Insurance Expense Depreciation Expense Advertising Expense Interest Expense Total Expenses Income Before Income Tax Income Tax Expense Net Income / (Loss) $ eTextbook and Media