Prepare an income statement through gross profit. VAUGHN COMPANY (Partial) Income Statement The following data were taken from the records of Vaughn Company for the fiscal year ended June 30, 2020. Raw Materials Inventory 7/1/19 Raw Materials Inventory 6/30/20 Finished Goods Inventory 7/1/ 19 Finished Goods Inventory 6/30/20 Work in Process Inventory 7/1/ 19 Work in Process Inventory 6/30/20 Direct Labor Indirect Labor Accounts Receivable $51,100 41,600 9 6,800 27,800 2 1,300 27,900 144,350 26,360 34,600 Factory Insurance Factory Machinery Depreciation F actory Utilities Office Utilities Expense Sales Revenue Sales Discounts Plant Manager's Salary Factory Property Taxes Factory Repairs Raw Materials Purchases Cash $5,200 16,800 29,700 9,550 563,900 4,600 64,300 9,610 2,500 97,200 37.900