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At May 31, 2022, the accounts of Blossom Company show the following. 1. May 1 inventories-finished goods $12,830, work in process $14,950, and raw materials $8,320. 2. May 31 inventories-finished goods $9,690, work in process $16,240, and raw materials $7,220. 3. Debit postings to work in process were direct materials $63,670, direct labor $51,000, and manufacturing overhead applied $40,800. (Assume that overhead applied was equal to overhead incurred.) 4. Sales revenue totaled $219,300. Prepare an income statement for May 2022 through gross profit. BLOSSOM COMPANY (Partial) Income Statement $ $ $