The adjusted trial balance of Crane Fashion Retailers Inc. appears below. CRANE FASHION RETAILERS, INC. Adjusted Trial Balance December 31, 2025 Cash Accounts Receivable Inventory Prepaid Insurance Equipment Accumulated Depreciation-Equipment Notes Payable Accounts Payable Salaries and Wages Payable Property Taxes Payable Common Stock Debit $6,200 4,900 80,000 1,300 110,300 Credit $14,300 11,200 11,200 4,300 1.900 7,500 7 Accounts Payable Salaries and Wages Payable Property Taxes Payable Common Stock Retained Earnings Dividends Sales Revenue COGS Depreciation Expense Salaries and Wages Expense (selling 27,900/general 9,900) Insurance Expense Advertising Expense Telephone and Internet Expense Property Tax Expense 31,500 238,000 4,500 37,800 1,000 1,500 500 3,900 $521.400 11,200 4,300 1,900 7,500 72,700 398,300 $521,400 (a) Using the information from the adjusted trial balance, you are to prepare for the year ending December 31, 2025 income statement. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45)) Sales Revenue Cost of Goods Sold Gros Profit on Sales CRANE FASHION RETAILERS INC. Income Statement December 31, 2025 ! . Question 16 of 43 ^ A Save for Later Last saved 17 minutes ago. LOO -/10 E Attempts: 0 of 1 used Submit Answer *****