Presented here are the financial statements of Crane Company. Additional data: 1. Depreciation expense was $15,400. 2. Dividends declared and paid were $25,800. 3. During the year, equipment was sold for $8,600 cash. This equipment originally cost $18,000 and had accuhulated depreciation of $9,400 at the time of sale. 4. Bonds were redeemed at their carrying value. 5. Common stock was issued at par for cash. Further analysis reveals the following. 1. Accounts payable pertain to merchandise suppliers. 2. All operating expenses except for depreciation were paid in cash. 3. All depreciation expense is in the selling expense category. 4. All sales and inventory purchases are on account: DW with either a - Cash Flows from Financing Activities