Question: Please answer with clear presentation using commas and dollar sign in each figure Crane Company's balance sheet at December 31, 2021. is presented below. GRAN

Please answer with clear presentation using commas and dollar sign in each figure

Please answer with clear presentation usingPlease answer with clear presentation using
Crane Company's balance sheet at December 31, 2021. is presented below. GRAN E COMPANY Balance Sheet December 31, 2021. Cash $24,000 Accounts Payable $11,000 Inventory Interest Payable Prepaid Insurance 4.800 Notes Payable 40,000 Equipment 30.400 Ownesz Capital 32600 $83,800 $83,800 During January 2022, the following transactions occurred. [Crane Company uses the perpetual inventory system.) 1. Crane paid $200 interest on the note payable on January 1. 2022. The note is due December 31. 2023. 2. Crane purchased $208,880 of inventory on account. 5\"-1 Crane sold for $352,000 cash, inventory which cost $212,000. Crane also collected $22880 in sales taxes. Crane paid $184,000 in accounts payable. Crane paid $13,600 in sales taxes to the state. Paid other operating expenses of $24,000. Howe On January 31. 2022, the payroll for the month consists of salaries and wages of $48,000. All salaries and wages are subject to 7.65% FICA taxes. Atotal of $2.120 federal income taxes are withheld. The salaries and wages are paid on February 1. Adjustment data: 8. Interest expense of 5200 has been incurred in January on the notes payable. 9. The insurance forthe year 2022 was prepaid on December 31. 2021. 10. The equipment was acquired on December 31, 2021, and will be depreciated on a straightline basis over 5 years with a $1,600 salvage value. 11. Employer's payroll taxes include 7.65% FICA taxes. a 5.4% state unemployment tax, and an 0.6% federal unemployment tax. Prepare an adjusted trial balance at January 31, 2022. {Round answers to D decimafplaces, 9.9. 5,275.)

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