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Presented below is the adjusted trial balance of Crane Corporation at December 31, 2025. Additional information: 1. Net loss for the year was $3,850. 2.
Presented below is the adjusted trial balance of Crane Corporation at December 31, 2025. Additional information: 1. Net loss for the year was $3,850. 2. No dividends were declared during 2025. Prepare a classified balance sheet as of December 31, 2025. (List Current Assets in order of liquidity. and do not provide the descriptive information provided in the question.) Current Assets Cash $ Supplies Prepaid Insurance Total Current Assets Property, Plant, and Equipment Equipment Less ^ : Accumulated Depreciation-Equipment Intangible Assets Trademarks Total Assets Liabilities and Stockholders' Equity Liabilities and Stockholders' Equity Current Liabilities Accounts Payable Salaries and Wages Payable Unearned Service Revenue Total Current Assets Long-term Liabilities Bonds Payable Total Liabilities Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity $ Total Liabilities and Stockholders' Equity ^
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