The statement of income for Crane Limited is presented here: CRANE LIMITED Statement of Income Year Ended December 31, 2021 Service revenue Operating expenses $975,000 702,000 Income from operations 273,000 Interest expense 80,000 Income before income tax 193,000 Income tax expense 48,250 Net income $144,750 Crane's statement of financial position contained the following selected account balances at December 31: 2021 2020 Accounts receivable $55,200 $46,500 Prepaid expenses 12,600 17,000 Accounts payable 35,400 40,600