Presented below is information related to Crane Corp. for the year 2025. Net sales $1,040,000 Write-off of inventory due to obsolescence $64,000 Cost of goods sold 624,000 Depreciation expense omitted by accident in 2024 44,000 Selling expenses 52,000 Casualty loss 40,000 Administrative expenses 38,400 Cash dividends declared 36,000 Dividend revenue 16,000 Retained earnings at December 31, 2024 784,000 Interest revenue 5,600 Effective tax rate of 20% on all items 1274 x 477 x 24 BPP 1/2 100 % 55.02 KB / 1.74 MB 2/6/2023 / 17:49:46 Prepare a multiple-step income statement for 2025. Assume that 60,800 shares of common stock are outstanding for the entire year. (Round earnings per share to 2 decimal places, e.g. 1.49.) CRANE CORP. Income Statement