Presented below is selected information related to Crane Company at December 31, 2020. Crane reports financial information monthly.

Accounts Payable $3,358 Salaries and Wages Expense $18,467

Cash $7,275 Notes Payable $27,980

Advertising Expense $6,715 Rent Expense $11,752

Service Revenue $59,877 Accounts Receivable $15,109

Equipment $32,457 Owner's Drawings $8,394

Determine the total assets of Crane Company at December 31, 2020.

Total assets$

Determine the net income that Crane Company reported for December 2020.

Net income$

Determine the owner's equity of Crane Company at December 31, 2020.

Owner's equity$