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In its income statement for the year ended December 31, 2027, Crane Inc. reported the...

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Accounting

In its income statement for the year ended December 31, 2027, Crane Inc. reported the following condensed data.

Operating expenses: $754,000

Cost of goods sold: 1,306,240

Interest expense: 72,800

Income tax expense: 48,880

Interest revenue: $34,320

Loss on disposal of plant assets: 17,680

Net sales: 2,288,000

Prepare an income statement. (List other revenues before other expenses.)

image In its income statement for the year ended December 31, 2027, Crane Inc. reported the following condensed data. Prenare an income statement. (List other revenues before other exnenses.)

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