The completed financial statement columns of the spreadsheet for Crane Company are shown as follows: Crane Company Worksheet For the Year Ended December 31, 2022 Income Statement Balance Sheet Account No. Account Titles Dr. Cr. Dr. Cr. 101 Cash 8,900 112 Accounts Receivable 10,900 130 Prepaid Insurance 3,000 157 Equipment 23,700 158 Accumulated Depreciation-Equip. 4.500 201 Accounts Payable 9,000 212 Salaries and Wages Payable 2,500 301 Owner's Capital 19,900 306 Owner's Drawings 11,300 400 Service Revenue 59.900 622 Maintenance and Repairs Expense 1,800 711 Depreciation Expense 3,100 722 Insurance Expense 1,900 726 Salaries and Wages Expense 29,800 732 Utilities Expense 1400 Totals 38,000 59.900 57,800 35.900 Net Income 21,900 21.900 59,900 59,900 57.800 57.800 (a3) Prepare a classified balance sheet. (List Current Assets in order of liquidity.) CRANE COMPANY Balance Sheet Assets $ Liabilities and Owner's Equity Prepare the closing entries. L. Crane did not make any additional investments during the year. (Credit account titles are automatically indented wi Date Account Titles and Explanation Dec. 31 Dec. 31 (To close revenue account) Dec. 31 (To close expense accounts) Dec. 31 (To close net income/(loss)) (To close drawings) Debit Credit