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Presented below is information related to 2020 for Crane Company. Retained earnings, December 31, 2019 Sales revenue Selling and administrative expenses Discontinued operations loss (pre-tax)

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Presented below is information related to 2020 for Crane Company. Retained earnings, December 31, 2019 Sales revenue Selling and administrative expenses Discontinued operations loss (pre-tax) Cash dividends declared on common stock Cost of goods sold Gain discovered in 2020, from error on depreciation charge in 2018 (pre-tax) Other revenue Other expenses $645,000 1482,000 247.000 287,000 33,600 850,000 510,000 126,000 101,000 Prepare in good form a multiple step income statement for the year 2020. Assume a 30% tax rate and that 80,000 shares of con during the year. (Round per share values to 2 decimal places, e.g. $1.58.) Crane Company INCOME STATEMENT For the Year Ended December 31, 2020 Sales Revenue Cost of Goods Sold Gross Profit/Loss)

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