Problem 14-04A The following data were taken from the records of Clarkson Company for the fiscal year ended June 30, 2020. Raw Materials Inventory 7/1/19 $50,400 Factory Insurance $5,500 Raw Materials Inventory 6/30/20 39,900 Factory Machinery Depreciation 18,100 Finished Goods Inventory 7/1/19 99,600 Factory Utilities 30,100 Finished Goods Inventory 6/30/20 20,600 Office Utilities Expense 8,650 Work in Process Inventory 7/1/19 27,300 Sales Revenue 562,100 Work in Process Inventory 6/30/20 20,100 Sales Discounts 5,300 Direct Labor 148,350 Plant Manager's Salary 64,900 Indirect Labor 25,660 Factory Property Taxes 9,610 Accounts Receivable 28,000 Factory Repairs 2,200 Raw Materials Purchases 98,700 Cash 38,200 Prepare a cost of goods manufactured schedule. (Assume all raw materials used were direct materials.) CLARKSON COMPANY Cost of Goods Manufactured Schedule SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO VIDEO Prepare an income statement through gross profit. CLARKSON COMPANY (Partial) Income Statement SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO VIDEO Prepare the current assets section of the balance sheet at June 30, 2020. (List Current Assets in order of liquidity.) CLARKSON COMPANY (Partial) Balance Sheet CLARKSON COMPANY (Partial) Balance Sheet 24