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The following account balances were included in the trial balance of Crane Corporation at June 30, 2025. The Retained Earnings account had a balance of

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The following account balances were included in the trial balance of Crane Corporation at June 30, 2025. The Retained Earnings account had a balance of $309,070 at July 1, 2024, There are 81,470 shares ot common stock outstanding. account balances were included in the trial balance of Crane Corporation at June 30, 2025. ained Earnings account had a balance of $309,070 at July 1, 2024. There are 81,470 shares of common stock outstanding. Income Statement For the Quarter Ended June 30, 2025 Sales Sales Revenue \( \$ \longdiv { 1 5 9 1 9 6 0 } \) Sales Returns and Allowances \( \$ \longdiv { 6 } \quad 6 2 9 2 5 \) Sales Discounts \begin{tabular}{|r|r|} \hline 32520 & i \\ \hline \end{tabular} Net Sales Cost of Goods Sold Gross Profit Operating Expenses Selling Expenses ig cp Salaries and Wages Expense $58270 i Sales Commissions \begin{tabular}{|l|l|} \hline 98190 i \\ \hline \end{tabular} Travel Expense \begin{tabular}{|l|l|} \hline 37800i \\ \hline \end{tabular} Delivery Expense \begin{tabular}{|l|l|} \hline 22560 \\ \hline \end{tabular} Entertainment Expense 14900 i Telephone and Internet Expense \begin{tabular}{|l|l|} \hline 9090 i \\ \hline \end{tabular} Depreciation Expense \begin{tabular}{|l|l|l|} \hline 1 & 5148 & i \\ \hline \end{tabular} Maintenance and Repairs Expense \begin{tabular}{|l|l|} \hline 5849 & i \\ \hline \end{tabular} Miscellancous Selling Expenses Bad Debt Expense \begin{tabular}{|l|l|} \hline & 5200 \\ \hline \end{tabular} Total Selling Expenses Administrative Expenses Supplies Expense Telephone and Internet Expense Property Tax Expense Maintenanc and Repairs Expense Total Administrative Expenses Income from Operations Other Revenues and Gains Dividend Revenue Other Expenses and Losses Interest Expense Income before income Tax Income Tax Expense Net income / (Loss) Dividend Revenue Other Expenses and Losses Interest Expense Income before income Tax Income Tax Expense Net income / (Loss) Earnings Per Common Share

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