Presented below are selected ledger accounts of Crane Corporation as of December 31, 2020. Cash Administrative expenses Selling expenses Net sales Cost of goods sold Cash dividends declared (2020) Cash dividends paid (2020) Discontinued operations (loss before income taxes) Depreciation expense, not recorded in 2019 Retained earnings, December 31, 2019 Effective tax rate 20% $40000 80000 64000 432000 168000 16000 12000 32000 24000 72000 Compute net income for 2020. Net income $ (b) The parts of this question must be completed in order. This part will be available when you complete the part above