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The items and amounts below were taken from Cravex Company's 2021 financial statement.
Cash 90,800
Accounts receivable 91,000
Retained earnings 124,300
Sales revenue 590,200
Cost of goods sold 436,400
Notes payable 6,500
Salaries and wages expense 118,600
Accounts payable 56,400
Prepaid insurance 8,100
Service revenue 4,900
Inventory 65,000
Interest expense 1,870
Question 1: Draw up an income statement for Crane Company for the year ended December 31, 2021.
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