Problem 23-3 Crane Company has not yet prepared a formal statement of cash flows for the 2017 fiscal year. Comparative balance sheets as of December 31, 2016 and 2017, and a statement of income and retained earnings for the year ended December 31, 2017, are presented as follows CRANE COMPANY STATEMENT OF INCOME AND RETAINED EARNINGS FOR THE YEAR ENDED DECEMBER 31, 2017 ($000 OMITTED) Sales revenue $3,780 Expenses Cost of goods sold Salaries and benefits Heat, light, and power Depreciation Property taxes Patent amortization Miscellaneous expenses Interest $1,200 710 70 90 20 30 10 30 Income before income taxes Income taxes Net income Retained earnings-Jan. 1, 2017 2,160 1,620 810 810 290 1,100 570 Stock dividend declared and issued