The following balances were taken from the books of Crane Corp on December 31, 2020 Interest revenue $87,000 Accumulated depreciation-equipment $41,000 Ch 52.000 Accumulated depreciation-boldings 29.000 Sales revenue 1.381,000 Notes receivable 156,000 Accounts receivable 151.000 Selling expenses 195.000 Prepaid murance 21,000 Accounts payable 171000 Sales returns and allowances 151,000 Bonds payable 101.000 Allowance for doubtful accounts 8,000 Administrative and general expenses 98.000 Sales discounts 46,000 Accued liabilities 33.000 Land 101,000 Interest expense 61.000 Equipment 201.000 Notes payable 101,000 Building 141.000 Loss from earthquake damage 151000 Cost of goods sold 622,000 Common stock 501,000 Retained earning 22.000 Assume the total effective tax rate on all items is 20% Prepare a multiple step income statement: 100,000 shares of common stock were outstanding during the year (Roundings per share to 2 decimal places a 140 As the total effective tax rate on all items is 20% Palestincome statement 100.000 shares of common stock were standing during the year (Roundings S Cast of C GrPro Operating To AG CRANE CORP. Income Statement $12000 Income From Opera Other Revenues and C 10000 Other Expenses and Lines 17000 7000 $1,000 295000 name Tax Exem het he/ Per share of common stock 236000 115200 eTextbook and Media Solution