Question: The adjusted trial balance for Crane's Animations is presented below. Credit CRANE COMPANY Adjusted Trial Balance December 31, 2021 Debit Cash $3,300 Accounts receivable 4,800

 The adjusted trial balance for Crane's Animations is presented below. Credit
CRANE COMPANY Adjusted Trial Balance December 31, 2021 Debit Cash $3,300 Accounts
receivable 4,800 Prepaid expenses 2,700 Equipment 46,000 Accumulated depreciation-equipment Accounts payable Unearned
revenue M. Crane, capital M. Crane, drawings 19,000 Service revenue Rent expense

The adjusted trial balance for Crane's Animations is presented below. Credit CRANE COMPANY Adjusted Trial Balance December 31, 2021 Debit Cash $3,300 Accounts receivable 4,800 Prepaid expenses 2,700 Equipment 46,000 Accumulated depreciation-equipment Accounts payable Unearned revenue M. Crane, capital M. Crane, drawings 19,000 Service revenue Rent expense 9,300 Salaries expense 25,300 Supplies expense 1,900 Depreciation expense 5,750 $118,050 $17,250 5,400 9,800 23,500 62,100 $118,050 Prepare an income statement for the year. Mr. Crane invested $5,200 cash in the business during the year. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45)) CRANE COMPANY Income Statement C $ v Prepare a classified balance sheet at December 31, 2021. (List Current Assets in order of liquidity.) CRANE COMPANY Balance Sheet Assets Liabilities and Owner's Equity $ Liabilities and Owner's Equity >

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