P14-4A The foll year ended June 30, 2017. owing data were taken from the records of Clarkson Company for the fiscal $ 4,600 Factory Insurance Factory Machinery Raw Materials Inventory 7/1/16 Raw Materials $ 48,000 39,600 96,000 75,900 19,800 Depreciation Factory Utilities Office Utilities Expense Sales Revenue Sales Discounts Plant Managers Salary Factory Property Taxes Factory Repairs Raw Materials Purchases Cash 16,000 27,600 8,650 534,000 4,200 58,000 9,600 1,400 96,400 32,000 Inventory 6/30/17 Finished Goods Inventory 7/1/16 Finished Goods Inventory 6/30/17 Work in Process Inventory 7/1/16 Work in Process Inventory 6/30/17 Direct Labor Indirect Labor Accounts Receivable 18,600 139,250 24,460 27,000 Instructions (a) Prepare a cost of goods manufactured schedule. (Assume all raw materials used were direct materials.) (b) Prepare an income statement through gross profit. (c) Prepare the current assets section of the balance sheet at June 30, 2017