Question: need the answer befor tomorrow 1pm please Crane Ltd.a private company reporting under ASPE, reported the following for the years ended May 31, 2021, and

need the answer befor tomorrow 1pm please
need the answer befor tomorrow 1pm please Crane Ltd.a private company reporting
under ASPE, reported the following for the years ended May 31, 2021,
and 2020. CRANE LTD. Balance Sheet May 31 Assets 2021 2020 Cash
$23,000 $45.000 Accounts receivable 86,200 77.000 Inventory 177,000 158,000 Prepaid expenses 5.200
6.700 Land 127,000 76,000 Equipment 312.000 192,000 Accumulated depreciation (70.200) (38.000) Total
assets $660.200 $516.700 Liabilities and Shareholders' Equity Liabilities and Shareholders' Equity $41,800

Crane Ltd.a private company reporting under ASPE, reported the following for the years ended May 31, 2021, and 2020. CRANE LTD. Balance Sheet May 31 Assets 2021 2020 Cash $23,000 $45.000 Accounts receivable 86,200 77.000 Inventory 177,000 158,000 Prepaid expenses 5.200 6.700 Land 127,000 76,000 Equipment 312.000 192,000 Accumulated depreciation (70.200) (38.000) Total assets $660.200 $516.700 Liabilities and Shareholders' Equity Liabilities and Shareholders' Equity $41,800 $38,000 6,700 5.200 Accounts payable Dividends payable Income taxes payable Mortgage payable Common shares Retained earnings Total liabilities and shareholders' equity 6,200 78,000 2,400 124,000 215.000 270,300 $660,200 164,000 225,300 $516,700 1. Additional Information: Profit for 2021 was $106,000. 2. Common shares were issued for $51.000. 3. Land with a cost of $51,000 was sold at a loss of $19,200. Purchased land with a cost of $102,000 with a $56.000 down payment and financed the remainder with a mortgage note 4 4 Purchased land with a cost of $ 102,000 with a $56,000 down payment and financed the remainder with a mortgage note payable No equipment was sold during 2021. 5. Prepare a cash flow statement for the year using the indirect method. (Show amounts that decrease cash flow with either a-signes. - 15,000 or in parenthesis es (15,000) CRANE LTD. Cash Flow Statement - Indirect Method Adjustments to reconcile profit to Adjustments to reconcile profit to >

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