Current Attempt in Progress Crane Inc. is a private company reporting under ASPE. The following selected...

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Current Attempt in Progress Crane Inc. is a private company reporting under ASPE. The following selected account balances were reported in Crane Inc's financial statements at year end 2024 2023 Cash Building Equipment $28,320 $12,800 1,088,000 960,000 503,040 435,200 Land 128,000 76,800 Accumulated depreciation-building 393,600 384,000 Accumulated depreciation-equipment 158,7201 120.320 Dividends payable 8,000 3.200 Mortgage payable. 697,600 748,800 Notes payable 435,200 396,800 Common shares: 46,000 shares in 2024; 40,000 in 2023 1,032,960 876,800 SUPPORT Retained earnings 256,000 128,000 Cash dividends declared 32.000 12.800 Common shares: 46,000 shares in 2024; 40,000 in 2023 1,032,960 876,800 Retained earnings 256,000 128,000 Cash dividends declared 32,000 12.800 Depreciation expense-buildings 32,000 54,400 Depreciation expense-equipment 62,880 34,560 Gain on sale of equipment 1.280 Loss on sale of building 12,800 0 Interest expense 61.760 57,280 1 Additional information: Purchased $96,000 of equipment for $12.800 cash and a note payable for the remainder. 2 Equipment was also sold during the year. 3. Sold a building that originally cost $64,000. 4. Used cash to purchase land and a building. 5. Mortgage payments and notes payable payments included interest and principal amounts. 6. Common shares were issued for cash SUPP cash flows) (Show amounts that decrease cash flow with either a sign eg U or in parch Investing Activities Purchase of Equipment Purchase of Land CRANE INC. Cash Flow Statement (Partial) Year Ended December 31.2024 12800 67840 Sale of Equipment Purchase of Building Sale of Building Net Cash Used by investing Activities eTextbook and Media Attempts 1 of used t SU Current Attempt in Progress Crane Inc. is a private company reporting under ASPE. The following selected account balances were reported in Crane Inc's financial statements at year end 2024 2023 Cash Building Equipment $28,320 $12,800 1,088,000 960,000 503,040 435,200 Land 128,000 76,800 Accumulated depreciation-building 393,600 384,000 Accumulated depreciation-equipment 158,7201 120.320 Dividends payable 8,000 3.200 Mortgage payable. 697,600 748,800 Notes payable 435,200 396,800 Common shares: 46,000 shares in 2024; 40,000 in 2023 1,032,960 876,800 SUPPORT Retained earnings 256,000 128,000 Cash dividends declared 32.000 12.800 Common shares: 46,000 shares in 2024; 40,000 in 2023 1,032,960 876,800 Retained earnings 256,000 128,000 Cash dividends declared 32,000 12.800 Depreciation expense-buildings 32,000 54,400 Depreciation expense-equipment 62,880 34,560 Gain on sale of equipment 1.280 Loss on sale of building 12,800 0 Interest expense 61.760 57,280 1 Additional information: Purchased $96,000 of equipment for $12.800 cash and a note payable for the remainder. 2 Equipment was also sold during the year. 3. Sold a building that originally cost $64,000. 4. Used cash to purchase land and a building. 5. Mortgage payments and notes payable payments included interest and principal amounts. 6. Common shares were issued for cash SUPP cash flows) (Show amounts that decrease cash flow with either a sign eg U or in parch Investing Activities Purchase of Equipment Purchase of Land CRANE INC. Cash Flow Statement (Partial) Year Ended December 31.2024 12800 67840 Sale of Equipment Purchase of Building Sale of Building Net Cash Used by investing Activities eTextbook and Media Attempts 1 of used t SU