Question: Current Attempt in Progress The following items are taken from the financial statements of Crane Company at December 31, 2022. Land $195,800 Accounts receivable 21.400

 Current Attempt in Progress The following items are taken from the
financial statements of Crane Company at December 31, 2022. Land $195,800 Accounts
receivable 21.400 Supplies 10,400 Cash 11,850 Equipment 83,800 Buildings 262,000 Land improvements
45.900 Notes receivable (due in 2023) 5,400 13,200 Accumulated depreciation- and improvements
80,000 Common stock Retained earnings (December 31, 2022) 500,000 33,600 Accumulated depreciation--buildings

Current Attempt in Progress The following items are taken from the financial statements of Crane Company at December 31, 2022. Land $195,800 Accounts receivable 21.400 Supplies 10,400 Cash 11,850 Equipment 83,800 Buildings 262,000 Land improvements 45.900 Notes receivable (due in 2023) 5,400 13,200 Accumulated depreciation- and improvements 80,000 Common stock Retained earnings (December 31, 2022) 500,000 33,600 Accumulated depreciation--buildings 9,600 Accounts payable 86,450 Mortgage payable 86,450 18.900 Mortgage payable Accumulated depreciation equipment Interest payable Income taxes payable 3.100 15.100 Patents 47.100 Investments in stock long-term) 71.600 Debt investments (short-term) 4,700 Prepare a classified balance sheet. Assume that $10,500 of the mortgage payable will be paid in 2023. (List Current Assets in order of liquidity, List Property, plant and Equipment in order of Land, Buildings, Equipment and Land Improvements.) CRANE COMPANY Balance Sheet For the Year Ended December 31 2022 (in millions) Assets Cash Debt Investments Accounts Receivable Supplies Notes Receivable Total Current Assets . Lone Travestments . Liabilities and Stockholders Equity Accounts Payable Interest Payable Income Taxes Payable Tots Current liabilities Curt Libilities Morten Payable Toutes Stocolos Common stock Retained in Total Stockholm

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