The ledger of Crane Corporation at November 30, 2021. contains the following summary data: $1.112.000 82,000 Cash dividends-common Cash dividends--preferred Common shares Cost of goods sold Depreciation expense Sales $66,000 Operating expenses Other comprehensive income-loss on 25,000 equity investments (before income tax) 321,000 Rent revenue 7,300,000 Preferred shares ($5 noncumulative) 352,000 Retained earnings, December 1, 2020 9,022,000 50,000 392,000 743,000 Your analysis reveals the following additional information: 1. 2. The company has a 25% income tax rate. The communications devices division was discontinued on August 31. The profit from operations for the division up to that day was $17,400 before income tax. The division was sold at a loss of $76,000 before income tax There were 200,000 common and 5,000 preferred shares issued on December 1, 2020, with no changes during the year. 3. Prepare a multiple step income statement for the year. CRANE CORPORATION Income Statement $ $ Earnings per share Prepare a statement of comprehensive income as a separate statement. CRANE CORPORATION Statement of Comprehensive Income $ $