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The following selected accounts from Crane Corporation's general ledger are presented below for the year ended December 31, 2021: Accounts payable $ 101.920 Equipment Accounts
The following selected accounts from Crane Corporation's general ledger are presented below for the year ended December 31, 2021: Accounts payable $ 101.920 Equipment Accounts receivable $ 1.730,560 153.920 Income tax expense Accumulated depreciation equipment 137.280 595,920 Insurance expense Cash 133,120 12,480 Inventory 388,960 Common shares 312.000 Prepaid expenses 46,800 2.002.000 Cost of goods sold Depreciation expense Retained earnings 703.040 289.120 Salaries expense 957,840 Sales 4.139.200 Prepare a single-step statement of income. CRANE CORPORATION Statement of Income (Single step) $
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