The following information is taken from the accounting records of Crane Corporation, a Canadian public company, for the year ended December 31, 2020. Accounts receivable $86,500 Retained earnings, January 1, 2020 251,000 Loss on operation of discontinued operations (before tax) 98,500 Sales revenue 1.271,000 Cost of goods sold 31.500 Selling expenses 129,000 Cash 57,000 Common shares (22.000 common shares outstanding) 220,000 Dividend revenue 17,500 Inventory 125,000 Unearned revenue 4,400 Land 400,000 Interest expense 20,000 Administrative expenses 155,000 Notes payable (maturity 2026) 190,000 Accounts payable 59,000