Exercise 5-8 In its income statement for the year ended December 31, 2017, Crane Company reported the following condensed data. $511,500 1,085,700 Loss on disposal of plant assets Sales revenue Salaries and wages expenses Cost of goods sold Interest expense Interest revenue Depreciation expense 78,100 Income tax expense 71,500 Sales discounts 41,000 Utilities expense 91,850 2,431,000 27,500 176,000 121,000