The following balances were taken from the books of Crane Corp. on December 31, 2020, Interest revenue $87,000 $41,000 52.000 Accumulated depreciation-equipment Accumulated depreciation-buildings Notes receivable 29,000 Cash Sales revenue 1,381,000 156,000 Accounts receivable 151,000 195,000 21,000 171,000 Prepaid insurance Sales returns and allowances Selling expenses Accounts payable Bonds payable Administrative and general expenses 151,000 101,000 8,000 Allowance for doubtful accounts 98,000 Sales discounts 46,000 Accrued liabilities 33,000 Land 101,000 61,000 Equipment 201.000 Interest expense Notes payable Loss from earthquake damage 101,000 151,000 Buildings 141.000 501,000 Common stock 622.000 Cost of goods sold Retained earnings 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. (Round earnings per share to 2 decimal places, eg. 1.48.) CRANE CORP. Income Statement For the Year Ended December 31, 2020 Sales Sales Revenue $ Less $ Sales Returns and Allowances Sales Discounts Net Sales Cost of Goods Sold Per share of common stock