Question: The adjusted trial balance for Cranes Animations is presented below. Credit CRANE COMPANY Adjusted Trial Balance December 31, 2021 Debit Cash $4,000 Accounts receivable 4,400


The adjusted trial balance for Cranes Animations is presented below. Credit CRANE COMPANY Adjusted Trial Balance December 31, 2021 Debit Cash $4,000 Accounts receivable 4,400 Prepaid expenses 2.400 Equipment 49.000 Accumulated depreciation-equipment Accounts payable Unearned revenue M. Crane, capital M. Crane, drawings 17.000 Service revenue Rent expense 9.900 Salaries expense 25,000 Supplies expense 2.200 Depreciation expense 6,125 $120,025 $18,375 5.700 9.700 22,050 64,200 $120,025 Prepare an income statement for the year. Mr.Crane invested $5,100 cash in the business during the year. (Enter negative amounts using either a negative sign preceding the number cs -15 or parentheseses (451) CRANE COMPANY Income Statement Prepare a statement of owner's equity for the year. Mr.Crane invested $5,100 cash in the business during the year. (List items that increase owner's equity first.) CRANE COMPANY Statement of Owner's Equity
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