The ledger of Crane Corporation at November 30, 2021. contains the following summary data: Cash dividends-common $71.500 $1.123.000 Operating expenses Other comprehensive income-loss on equity Investments (before income tax) Cash dividends-preferred 25,000 93.000 Common shares 326,500 Rent revenue 61.000 Cost of goods sold 7.410,000 403,000 Preferred shares ($5 noncumulative) Retained earnings, December 1, 2020 Depreciation expense 363.000 754.000 Sales 9,033,000 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 $19.600 before Income tax. The division was sold at a loss of $81.500 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 > CRANE CORPORATION Income Statement > V $ Samnings per share $ Sarnings per share Question Part Score --/19 Prepare a statement of comprehensive income as a separate statement CRANE CORPORATION Statement of Comprehensive Income $ Question Part Score