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The following information is available for Crane Corp. for the year ended December $31,2027.$

Prepare a multiple$-$step income statement for Crane Corp.

CRANE CORP.

Income Statement

For the Year Ended December $31,2027$

Net Sales

Sales Revenue

Less

Sales Returns and Allowances

$

Cost of Goods Sold

Operating Expenses

Other Expenses and Losses

Income from Overations

Other Revenues and Gains

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