Prepare a 2020 income statement for Crane Corporation based on the following information: Cost of goods sold Operating expenses Other expenses and losses Sales revenue Tax rate $460,000 104,000 32,500 725,000 30%

The loanable funds theory is a neoclassical theory that determines the interest rate where the demand for loanable investments and supply of loanable funds intersect. To determine the interest rate, this theory employs linear regression and a demand curv…