EverestHike Inc. manufactures hiking footware. During the month of June, the company purchased raw materials amounting to $77,000, had direct labor amounting to $11,200, and factory overhead is 60% of direct labor. Sales revenue for June was $220,000. The selling expenses and administrative expenses are $38,200 and $30,400, respectively. Below is the partial comparative balance sheet of the company for the month of June 2022. EverestHike Inc. Comparative Balance Sheet (partial) As at May 31, 2022 and June 30, 2022 June 30 May 31 Assets Current Assets Cash $68,200 $70,000 Accounts Receivable (net) $91,100 $62,400 Raw Materials Inventory $74,300 $105,200 Work-in-Process Inventory $90,200 $109,100 Finished Goods Inventory $117,000 $92,400 Prepaid Expenses $36,200 $68,600 Total Current Assets $477,000 $507,700 K Do not enter dollar signs or commas in the input boxes. Do not use the negative sign