Question: please do it correctly will upvote On December 1, 2022, Crane Company had the account balances shown below. (4,000$0.60) The following transactions occurred during December:


please do it correctly will upvote
On December 1, 2022, Crane Company had the account balances shown below. (4,000$0.60) The following transactions occurred during December: Dec. 3 Purchased 4,200 units of inventory on account at a cost of $0.74 per unit. 5 Sold 4,600 units of inventory on account for $0.90 per unit. (Crane sold 4,000 of the $0.60 units and 600 of the $0.74.) 7 Granted the December 5 customer $201 credit for 200 units of inventory returned costing $134. These units were returned to inventory. 17 Purchased 2,200 units of inventory for cash at $0.80 each. 22 Sold 3,100 units of inventory on account for $0.95 per unit. (Crane sold 3,100 of the $0.74 units.) (d1) Prepare a multiple-step income statement for December 2022. (Enter negative amounts using either a negative sign preceding the number e.g. 45 or parentheses e.g. (45).) CRANE COMPANY Income Statement $ eTextbook and Media List of Accounts Save for Later Attempts: 0 of 5 used Submit
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