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The following balances were taken from the books of Crane Corp. on December 31, 2025. Interest revenue $121,400 Accumulated depreciation-equipment $57,000 Cash 72,400 Accumulated
The following balances were taken from the books of Crane Corp. on December 31, 2025. Interest revenue $121,400 Accumulated depreciation-equipment $57,000 Cash 72,400 Accumulated depreciation-building 40,200 Sales 1,933,000 Notes receivable 218,000 Accounts receivable 211,000 Selling expenses 272,600 Prepaid insurance 29,000 Accounts payable 239,000 Sales returns and allowances 211,000 Bonds payable 141,000 Allowance for doubtful accounts 10,800 Administrative and general expenses 136,800 Sales discounts 64,000 Accrued liabilities 45,800 Land 141,000 Interest expense 85,000 Equipment 281,000 Notes payable 141,000 Building 197,000 Loss from earthquake damage 211,000 Cost of goods sold 870,400 Common stock 701,000 Retained earnings 30,400 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. (Round earnings pe share to 2 decimal places, eg. 1.48. List other revenues and gains before other expenses and losses.) CRANE CORP. Income Statement Presepe pamamar 100,000 shores of an ack wod < < > CRANE CORP Income Statamem A
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