The following is a list of accounts, in alphabetical order, for Crane Ltd. at December 31, 2024. All accounts have a normal balance. Accounts payable Accounts receivable Accumulated depreciation-equipment Cash Common shares Deferred revenue Depreciation expense Dividends declared Equipment Income tax expense Office expense Rent expense Retained earnings Salaries expense Salaries payable 2,200 Service revenue 4,700 Supplies 10,400 $1,700 6,700 4,200 11,200 5,400 2,400 Supplies expense $560 4,600 2,200 16,860 9,300 3,200 23,200 3,700 1,400 Prepare a statement of income for the year ended December 31, 2024. Balance, January 31, 2024 Balance, December 31, 2024 Expenses Income Before Income Tax Income from Operations Net Income/(Loss) Revenues Total Expenses Total Revenues CRANE LTD. Statement of Income $ $ $