The following items and amounts were taken from Crane Inc.'s 2018 income statement and statement of financial position. Cash Retained earnings Cost of goods sold Office expense Prepaid insurance Inventory Income tax expense $84,800 125,192 439,158 109,371 7,218 65,318 6,360 Accounts receivable $87,719 Sales revenue 585,851 Income tax payable 6,399 Accounts payable 47,784 Service revenue 4,646 Interest expense 1,894 In each, case, identify whether the item is an asset, liability, shareholder's equity, revenue, or expense item. Cash Retained earnings Cost of goods sold Office expense v Prepaid insurance Inventory Income tax expense Prepaid insurance Inventory Income tax expense Accounts receivable Sales revenue V Income tax payable V Accounts payable v Service revenue Interest expense Prepare an income statement for Crane Inc. for the year ended December 31, 2018, CRANE INC. Income Statement ment Prepare an income statement for Crane Inc. for the year ended December 31, 2018. CRANE INC. Income Statement $