Cepeda Corporation has the following cost records for June 2020.

Indirect factory labor		$4,600		Factory utilities		$410
Direct materials used		21,000		Depreciation, factory equipment		1,500
Work in process, 6/1/20		3,100		Direct labor		41,000
Work in process, 6/30/20		3,900		Maintenance, factory equipment		1,810
Finished goods, 6/1/20		5,100		Indirect materials		2,100
Finished goods, 6/30/20		7,600		Factory managers salary		3,100

Prepare an income statement through gross profit for June 2020 assuming sales revenue is $87,200.

CEPEDA CORPORATION Income Statement (Partial)

For the Year Ended June 30, 2020June 30, 2020For the Month Ended June 30, 2020