Crane Corporation's comparative balance sheets are presented below. CRANE CORPORATION Comparative Balance Sheets December 31 2022...

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Crane Corporation's comparative balance sheets are presented below. CRANE CORPORATION Comparative Balance Sheets December 31 2022 2021 Cash $14,200 $10,000 Accounts receivable 20,700 22,900 Land 19.500 25,500 Buildings 69,500 69,500 Accumulated depreciation-buildings (14,500) (10,000) Total $109,400 $117,900 Accounts payable $11,800 $30,600 Common stock 74,000 68,000 Retained earnings 23,600 19,300 Total $109,400 $117,900 Additional information: Net income was $22,100. Dividends declared and paid were $17.800. 1. 2. No noncash investing and financing activities occurred during 2022. 3. The land was sold for cash of $4,400. Prepare a statement of cash flows for 2022 using the indirect method. (Show amounts that decrease cash flow with either a-sign eg-15,000, or in parenthesis eg. (15,000).) CRANE CORPORATION Statement of Cash Flows For the Year Ended December 31, 2022 Crane Corporation's comparative balance sheets are presented below. CRANE CORPORATION Comparative Balance Sheets December 31 2022 2021 Cash $14,200 $10,000 Accounts receivable 20,700 22,900 Land 19.500 25,500 Buildings 69,500 69,500 Accumulated depreciation-buildings (14,500) (10,000) Total $109,400 $117,900 Accounts payable $11,800 $30,600 Common stock 74,000 68,000 Retained earnings 23,600 19,300 Total $109,400 $117,900 Additional information: Net income was $22,100. Dividends declared and paid were $17.800. 1. 2. No noncash investing and financing activities occurred during 2022. 3. The land was sold for cash of $4,400. Prepare a statement of cash flows for 2022 using the indirect method. (Show amounts that decrease cash flow with either a-sign eg-15,000, or in parenthesis eg. (15,000).) CRANE CORPORATION Statement of Cash Flows For the Year Ended December 31, 2022

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Cash flow statement for Crane Corporation under indirect method is given below Cra... View the full answer