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Crane Inc. Comparative Balance Sheets December 31 Liabilities and Shareholders' Equity Accounts payable $15,580$12,300 Income...

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Crane Inc. Comparative Balance Sheets December 31 Liabilities and Shareholders' Equity Accounts payable $15,580$12,300 Income tax payable 5,7406,560 Bonds payable 13,94027,060 Commonshares14,76011,480 Additional data: 1. Depreciation expense was $14,350. 2. Dividends declared and paid were $16,400. 3. During the year, equipment was sold for $6,970 cash. This equipment originally cost $14,760 and had accumulated depreciation of $7,790 at the time of sale. 4. Bonds were redeemed at their carrying amount. 5. Common shares were issued for cash. CRANE INC. Statement of Cash Flows-Indirect Method $ Adjustments to reconcile profit to $

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