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The current sections of Crane Inc's balance sheets at December 31, 2024 and 2025, are presented here. Crane's net income for 2025 was $122,400.
The current sections of Crane Inc's balance sheets at December 31, 2024 and 2025, are presented here. Crane's net income for 2025 was $122,400. Depreciation expense was $21.600. 2025 2024 Current assets Cash $84,000 $79,200 Accounts receivable 64,000 71,200 Inventory 134,400 137,600 Prepaid expenses 21,600 17,600 Total current assets $304,000 $305,600 Current Rabilities Accrued expenses payable $12.000 $4,000 Accounts payable 68,000 73,600 Total current liabilities $80,000 $77,600 Prepare the operating activities section of the company's statement of cash flows for the year ended December 31, 2025, using the indirect method. (Show amounts that decrease cash flow with either a-sign eg.-15,000 or in parenthesis eg. (15,000).) CRANE INC. Statement of Cash Flows (Partial) - Indirect Method Adjustments to reconcile net income to Adjustments to reconcile net income to
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