Question: Current Attempt in Progress In its income statement for the year ended December 31, 2025, Crane Inc. reported the following condensed data. Operating expenses


Current Attempt in Progress In its income statement for the year ended December 31, 2025, Crane Inc. reported the following condensed data. Operating expenses $721,000 Interest revenue $34,000 Cost of goods sold 1,258,000 Loss on disposal of plant assets 19,000 Interest expense 71,000 Sales revenue 2,360,000 Income tax expense 47,000 Sales discounts 160,000
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