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The financial statements of Crane Inc. are presented here: CRANE INC. Income Statement Year Ended December 31, 2021 Service revenue $2,186,500 Expenses Operating expenses

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The financial statements of Crane Inc. are presented here: CRANE INC. Income Statement Year Ended December 31, 2021 Service revenue $2,186,500 Expenses Operating expenses $1,868,500 Interest expense 97,000 1,965,500 221,000 Income before income tax Income tax expense Net income 45,000 $176,000

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