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The adjusted account balances of Crane Corp. at December 31, 2022, includes the following accounts: Retained Earnings $17,220, Dividends $2,460, Service Revenue $36,900, Interest Revenue

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The adjusted account balances of Crane Corp. at December 31, 2022, includes the following accounts: Retained Earnings $17,220, Dividends $2,460, Service Revenue $36,900, Interest Revenue $2,542, Rent Expense $3,936, Depreciation Expense $2,050, and Salaries and Wage Expense $14,924. The balance in Retained Earnings is the balance of January 1, 2022. (a1) Your answer is correct Determine net income for the year Net income 18.532 Prepare a retained earnings statement for the year. (List items that increase retained earnings first.) CRANE CORP Retained Earnings Statement $ $

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