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Presented below is information related to Crane Company at December 31, 2025, the end of its first year of operations. Sales revenue Cost of goods
Presented below is information related to Crane Company at December 31, 2025, the end of its first year of operations. Sales revenue Cost of goods sold Selling and administrative expenses Gain on sale of plant assets Unrealized gain on available-for-sale investments Interest expense Loss on discontinued operations Dividends declared and paid Compute the following. Ignore income tax effects. (a) (b) (c) (d) Income from operations Net income Comprehensive income $784,000 374,000 144,000 71,000 40,000 25,000 47,000 19,000 Retained earnings balance at December 31, 2025 $ $ $ $
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