he following data were taken from the records of Clarkson Company for the fiscal year ended June 30, 2017. Raw Materials Inventory 7/1/16 $48,000 Factory Insurance $4,600 Raw Materials Inventory 6/30/17 39,600 Factory Machinery Depreciation 16,000 Finished Goods Inventory 7/1/16 96,000 Factory Utilities 27,600 Finished Goods Inventory 6/30/17 75,900 Office Utilities Expense 8,650 Work in Process Inventory 7/1/16 19,800 Sales Revenue 534,000 Work in Process Inventory 6/30/17 18,600 Sales Discounts 4,200 Direct Labor 139,250 Plant Managers Salary 58,000 Indirect Labor 24,460 Factory Property Taxes 9,600 Accounts Receivable 27,000 Factory Repairs 1,400 Raw Materials Purchases 96,400 Cash 32,000

Prepare a cost of goods manufactured schedule. (Assume all raw materials used were direct materials.)

Prepare an income statement through gross profit.

Prepare the current assets section of the balance sheet at June 30, 2017