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Business, 25.06.2020 02:01 124319

The comparative statements of Crane Company are presented here. CRANE COMPANY Income Statements For the Years Ended December 31 2022 2021 Net sales $1,549,400 $1,435,000 Cost of goods sold 867,000 824,920 Gross profit 682,400 610,080 Selling and administrative expenses 410,000 392,780 Income from operations 272,400 217,300 Other expenses and losses Interest expense 18,040 16,400 Income before income taxes 254,360 200,900 Income tax expense 76,308 60,270 Net income $ 178,052 $ 140,630

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The comparative statements of Crane Company are presented here. CRANE COMPANY Income Statements For...

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