You are provided with the following information for Crane Company, effective as of its April 30, 2022, year-end. Accounts payable $854 Accounts receivable 930 Accumulated depreciation-equipment 570 Cash 1,290 Common stock 17,900 Cost of goods sold 1,080 Depreciation expense 395 Dividends 375 Equipment 2,560 Goodwill 1,700 Income tax expense 170 Income taxes payable 160 Insurance expense 390 Interest expense 570 Inventory 1.020 Investment in land 13,820 Land 3.200 Mortgage payable (long-term) 3,300 Notes payable (short-term) 56 Prepaid insurance 70 Retained earnings (beginning) 1,600