The information below relates to the operations of Crane Corporation, a private company following ASPE, for the year ended December 31, 2020: $345.000 2,090 8,910 120.238 Cost of goods sold Interest expense Sales returns and allowances Accounts payable Sales discounts Depreciation expense Sales revenue Salaries and wages expense 4,092 284,800 982,296 163,612 Prepaid expenses 3,670 Rent expense 37,700 8,538 Loss from fire Rental revenue 22,906 Additional information: . The effective tax rate is 20%. Depreciation expense: 80% administrative expense and 20% selling expense Salaries and wages expense: 25% administration expense and 75% selling expense Rent expense: 70% administration expense and 30% selling expense Prepare a multiple-step income statement in good form by function. (Enter selling expenses before administrative expenses. Round answers to O decimal places, e.g. 5,275.) Crane Corporation Income Statement For the year ended December 31, 2020 Sales Revenues Sales $ 982 Less V Sales Discounts $ (4092) Sales Returns and Allowances (8910) 969 Cost of Goods Sold $ 345 Gross Profit/(Loss) 624 Total Cost of Goods Sold Administrative Expenses