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