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Type or paste question here Crane Company's balance sheet accounts as of December 31, 2021 and 2020 and information relating to 2018 activities are presented
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Crane Company's balance sheet accounts as of December 31, 2021 and 2020 and information relating to 2018 activities are presented below. December 31, 2021 2020 Assets Cash $ 442000 $ 202000 Short-term investments 600000 Accounts receivable (net) 1010000 1010000 Inventory 1380000 1210000 Long-term investments 401000 600000 Plant assets 3410000 1980000 Accumulated depreciation (899000) (899000) Patent 179000 201000 Total assets $6523000 $4304000 Liabilities and Stockholders' Equity $1670000 $1440000 Accounts payable and accrued liabilities Notes payable (nontrade) 581000 Common stock, $10 par 1639000 1420000 Additional paid-in capital 802000 501000 Retained earnings 1831000 943000 $6523000 $4304000 Total liabilities and stockholders' equity Information relating to 2021 activities: Net income for 2021 was $1490000. Cash dividends of $602000 were declared and paid in 2021. Equipment costing $1020000 and having a carrying amount of $322000 was sold in 2021 for $362000. A long-term investment was sold in 2021 for $322000. There were no other transactions affecting long-term investments in 2021. 21900 shares of common stock were issued in 2021 for $25 a share. Short-term investments consist of treasury bills maturing on 6/30/22. Net cash provided by Crane's 2021 financing activities was O $1730500. O $566500. O $526500. O $1128500Step by Step Solution
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