The Crane Corporation reports the following adjusted account balances, shown in alphabetical order, at the end of its fiscal year, March 31, 2024: Accounts payable Accounts receivable Accumulated depreciation-equipment Cash Common shares Depreciation expense Dividends declared Equipment Fees earned Income tax expense Income tax payable Insurance expense Prepaid insurance Rent expense Retained earnings Salaries expense Salaries payable Supplies Supplies expense Utilities expense $13,100 28,100 5,600 18,100 10,150 4,500 2,100 23,700 90,400 4,900 4,650 3,600 2,600 6,100 21,100 46,600 3,100 1,200 4,100 2,500 During the year ended March 31, 2024, common shares were issued for $5,100.

The Crane Corporation reports the following adjusted account balances, shown in alphabetical order, at the end of its fiscal year, March 31, 2024: During the year ended March 31,2024 , common shares were issued for $5,100. (a) Preparea statement of income for the vear. 5 s List of Accounts Swe for Later Attempts: 0 of 8 used