Question: Hi, I need help with this Accounting Question: Current Attempt in Progress These items are taken from the nancial statements of Crane Ltd. at December
Hi, I need help with this Accounting Question:
Current Attempt in Progress These items are taken from the nancial statements of Crane Ltd. at December 31, 2021: Accounts payable $23,050 Accounts receivable 23,780 Accumulated depreciationbuildings 54,600 Accumulated depreciationiequipment 25,470 Buildings 131,800 Cash 25,040 Common shares 143,000 Equipment 67,100 Income tax expense 5,900 Interest expense 5,000 Interest payable 2,200 Land 199,470 Longrterm investments 29,970 Mortgage payable 103,000 Operating expenses 161,680 Prepaid insurance 1,600 Retained earnings, January 1 119,520 Service revenue 182,040 Supplies 1,540 Calculate net income and the ending balance of retained earnings at December 31, 202 1. Net income $ Retained Earnings $ Total Current Assets Shareholders' Equity Current Assets Total Assets Total Property, Plant and Equipment Total Liabilities Current Liabilities Total Shareholders' Equity Property, Plant and Equipment Total Liabilities and Shareholders' Equity Total Current Liabilities Shareholders' Equity Total Current Liabilities Total Liabilities Current Liabilities Total Property, Plant and Equipment Total Current Assets Total Shareholders' Equity Total Liabilities and Shareholders' Equity Total Assets Current Assets Property, Plant and Equipment Total Current Assets Current Assets Total Assets Total Property, Plant and Equipment Total Current Liabilities Current Liabilities Shareholders' Equity Total Liabilities and Shareholders' Equity Property, Plant and Equipment Total Liabilities Total Shareholders' Equity \f\fTotal Liabilities Current Liabilities Total Current Assets Total Shareholders' Equity Total Property, Plant and Equipment Total Assets Property. Plant and Equipment Current Assets Total Current Liabilities Total Liabilities and Shareholders' Equity Shareholders' Equity Shareholders' Equity Total Assets Total Shareholders' Equity Total Current Assets Current Assets Property, Plant and Equipment Total Liabilities and Shareholders' Equity Total Liabilities Total Current Liabilities Total Property, Plant and Equipment Current Liabilities Statement of Financial Position For the Month Ended December 31, 2021 For the Year Ended December 31, 2021 December 31, 2021Prepare a statement of financial position. Assume that the company will pay $34,500 of the mortgage payable in 2022. (List Current Assets in order of liquidity. List Property, Plant, and Equipment in order of Land, Buildings, and Equipment.) CRANELTD. Statement of Financial Position V Assets V V V $ V: V: V\fTotal Shareholders' Equity Total Current Assets Total Liabilities and Shareholders' Equity Total Current Liabilities Shareholders' Equity Current Liabilities Property, Plant and Equipment Total Liabilities Current Assets Total Property, Plant and Equipment Total AssetsTotal Current Assets Total Liabilities and Shareholders' Equity Current Assets Total Assets Total Liabilities Total Property, Plant and Equipment Current Liabilities Total Shareholders' Equity Property, Plant and Equipment Total Current Liabilities Shareholders' Equity Property, Plant and Equipment Total Property, Plant and Equipment Current Assets Total Liabilities Shareholders' Equity Total Liabilities and Shareholders' Equity Total Current Assets Total Current Liabilities Total Shareholders' Equity Current Liabilities Total AssetsCurrent Liabilities Total Liabilities and Shareholders' Equity Current Assets Total Current Assets Total Assets Total Current Liabilities Total Shareholders' Equity Total Property, Plant and Equipment Total Liabilities Shareholders' Equity Property, Plant and Equipment Property. Plant and Equipment Current Liabilities Total Assets Total Current Liabilities Total Shareholders' Equity Total Property, Plant and Equipment Total Current Assets Current Assets Total Liabilities Total Liabilities and Shareholders' Equity Shareholders' Equity Total Liabilities and Shareholders' Equity Total Liabilities Total Shareholders' Equity Shareholders' Equity Total Assets Total Property, Plant and Equipment Current Assets Property, Plant and Equipment Total Current Assets Total Current Liabilities Current Liabilities
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