1. Corporation has the following cost records for June 2020:

Direct materials (6/1/20)	$ 10,000
Direct materials (6/30/20)	5,000
Direct materials Purchases	20,000
Direct labour	30,000
Indirect factory labour	4,500
Factory utilities	$ 400
Depreciation, factory equipment	1,400
Maintenance, factory equipment Aikman	1,800
Indirect materials	2,200
Factory managers salary	3,000
Work in process (6/1/20)	3,000
Work in process (6/30/20)	2,800
Finished goods (6/1/20)	5,000
Finished goods (6/30/20)	9,500
Marketing Costs	11,000
General and Administrative Costs	6,000

1. Prepare an income statement through operating profit for June 2020, assuming net sales are $120,000.