llowing account balances are taken from Crane Ltd's adjusted trial balance at June 30, 2024: Debit...

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llowing account balances are taken from Crane Ltd's adjusted trial balance at June 30, 2024: Debit Credit Sales revenue $1,254,000 Advertising expense $125,000 Cost of goods sold 594,000 General and administrative expenses 39,000 Selling expenses 75,000 Depreciation expense 70,000 Interest expense 39,000 Interest revenue 43,000 Income tax expense 12,000 Wages expense 168,000 Utilities expense 109,000 (a) Prepare a single-step statement of income for the year ended June 30, 2024. Revenues Crane Ltd. Statement of Income For the Year Ended June 30, 2024 $ llowing account balances are taken from Crane Ltd's adjusted trial balance at June 30, 2024: Debit Credit Sales revenue $1,254,000 Advertising expense $125,000 Cost of goods sold 594,000 General and administrative expenses 39,000 Selling expenses 75,000 Depreciation expense 70,000 Interest expense 39,000 Interest revenue 43,000 Income tax expense 12,000 Wages expense 168,000 Utilities expense 109,000 (a) Prepare a single-step statement of income for the year ended June 30, 2024. Revenues Crane Ltd. Statement of Income For the Year Ended June 30, 2024 $