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Prepare an Income statement for Crane Inc. for December 3 1 , 2 0 2 5 . ? The following items and amounts were taken

 Prepare an Income statement for Crane Inc. for December 31,2025. ?image    

The following items and amounts were taken from Crane Inc.'s 2025 income statement and balance sheet. Cash $ 90,800 Accounts receivable $91,000 Retained earnings 124,300 Sales revenue 590,200 Cost of goods sold 436,400 Notes payable 6,500 Salaries and wages expense 118,600 Accounts payable 56,400 Prepaid insurance 8,100 Service revenue 4,900 Inventory 65,000 Interest expense 1,870

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