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The condensed financial statements of Crane Company for the years 2021 and 2022 are as follows. CRANE COMPANY Balance Sheets December 31 (in thousands)

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The condensed financial statements of Crane Company for the years 2021 and 2022 are as follows. CRANE COMPANY Balance Sheets December 31 (in thousands) 2022 2021 Current assets Cash and cash equivalents $330 $360 Accounts receivable (net) 530 460 Inventory 640 570 Prepaid expenses 130 160 Total current assets 1,630 1,550 Property, plant, and equipment (net) 4101 380 Investments 70 70 Intangibles and other assets 530 510 Total assets $2,640 $2,510 Current liabilities $880 $850 Long-term liabilities 660 560 Stockholders' equity-common 1,100 1,100 Total liabilities and stockholders' equity $2,640 $2.510

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