Exercise 14-12 Cepeda Corporation has the following cost records for June 2020. Indirect factory labor Direct materials used Work in process, 6/1/20 Work in process, 6/30/20 Finished goods, 6/1/20 Finished goods, 6/30/20 $5,040 Factory utilities 21,100 Depreciation, factory equipment 3,920 Direct labor 4,680 Maintenance, factory equipment 5,100 Indirect materials 7,990 Factory manager's salary $490 1,600 42,130 1,980 2,190 3,890 Prepare an income statement through gross profit for June 2020 assuming sales revenue is $89,730. CEPEDA CORPORATION Income Statement (Partial) For the Year Ended June 30, 2020 Sales Revenue Cost of Goods Sold Finished Goods Inventory, June 1 Cost of Goods Manufactured . Cost of Goods Available for Sale Less Finished Goods Inventory, June 30 : Cost of Goods Sold - Gross Profit