Problem 12-11A Your answer is partially correct. Try again. The comparative balance sheets for Crane Company as of December 31 are presented below Crane Company Comparative Balance Sheets December 31 2017 2016 Cash Accounts receivable Inventory Prepaid expenses Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Total S 101,048 $ 66,870 86,188 211,012 31,206 193,180 297,200 74,300 225,055 22,706 215,470 297,200 (89,160) 334,350 (66, (59,440) 230,330 870) (52,010) $1,114,099 $1,004,536 Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock, $1 par Retained earnings Total $ 66,469$53,496 445,800 237,760 267,480 $1,114,099 $1,004,536 445,800 297,200 304,630 Additional information: 1. Operating expenses include depreciation expense of $62,412. 3. Cash 4. Net i for 2017 was $54,982 6. 59,440 shares o f $1 par value common stock were issued in exchange for land with a fair value of $59,440. to Increase in Accounts Payable Loss on Disposal of Plant Assets Net Cash Provided by Operating Activities Cash Flows from Investing Activities Sale of Land Purchase of Equipment Sale of Equipment Net Cash used by Investing Activities Cash Flows from Financing Activities Payment of Cash Dividends Net Increase in Cash Cash at Beginning of Period Cash at End of Period Cash Flows from Investing Activities Sale of Land Purchase of Equipment Sale of Equipment Net Cash used by Investing Activities Cash Flows from Financing Activities Payment of Cash Dividends Net Increase in Cash Cash at Beginning of Period Cash at End of Period Noncash Investing and Financing Activities Acquired Land by Issuance of Common Stock click if you would like to Show Work for this question: Open Show. work