Question: Prepare an income statement. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

Word Bank:

• Accounts Payable
• Accounts Receivable
• Accumulated Depreciation-Buildings
• Accumulated Depreciation-Equipment
• Accumulated Depreciation-Delivery Trucks
• Advertising Expense
• Buildings
• Cash
• Debt Investments
• Delivery Trucks
• Depreciation Expense
• Equipment
• Gasoline Expense
• Income Summary
• Income Tax Expense
• Income Taxes Payable
• Insurance Expense
• Interest Expense
• Interest Payable
• Interest Receivable
• Interest Revenue
• Inventory
• Land
• Long-term Debt
• Long-term Investments
• Maintenance and Repairs Expense
• Miscellaneous Expense
• Mortgage Payable
• No Entry
• Notes Payable
• Notes Receivable
• Owner's Capital
• Owner's Drawings
• Patent Needs
• Prepaid Advertising
• Prepaid Insurance
• Prepaid Rent
• Rent Expense
• Rent Revenue
• Salaries and Wages Expense
• Salaries and Wages Payable
• Service Revenue
• Short-Term Investments
• Stock Investments
• Supplies
• Supplies Expense
• Ticket Revenue
• Unearned Rent Revenue
• Unearned Service Revenue
• Utilities Expense

The completed financial statement columns of the spreadsheet for Crane Company are shown as follows: Crane Company Worksheet For the Year Ended December 31, 2022 Income Statement Balance Sheet Account No. Account Titles Dr. Cr. Dr. Cr. 101 Cash 8.700 112 Accounts Receivable 10,900 130 Prepaid Insurance 2.900 157 Equipment 23,000 158 4,400 Accumulated Depreciation-Equip. Accounts Payable 201 9.100 212 2,600 Salaris and Wages Payable Owner's Capital 301 19,500 306 10.700 400 59,700 622 1.900 Owner's Drawing Service Revenue Maintenance and Repairs Exparse Depreciation Expense Insurance Expanse Salaries and Wages Expense 711 3,000 722 1,900 726 30,400 732 Utilities Expanse 1.200 Totals 38,300 59,700 57.000 35,600 Net Income 21,400 21,400 59,700 59,700 57.000 57.000 Prepare an income statement. Enter negative amounts using either a negative sign preceding the number eg - 45 or parentheseses 1450 CRANE COMPANY Income Statement $