Problem 1-4A (Video) 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 $51,000 Factory Insurance $5,000 Raw Materials Inventory 6/30/20 48,400 Factory Machinery Depreciation 17,200 Finished Goods Inventory 7/1/19 96,100 Factory Utilities 30,500 Finished Goods Inventory 6/30/20 26,800 Office Utilities Expense 9,550 Work in Process Inventory 7/1/19 25,200 Sales Revenue 556,300 Work in Process Inventory 6/30/20 27,500 Sales Discounts 5,000 Direct Labor 148,650 Plant Manager's Salary 65,000 Indirect Labor 24,560 Factory Property Taxes 9,710 Accounts Receivable 35,400 Factory Repairs 2,400 Raw Materials Purchases 98,400 Cash 35,800 Prepare a cost of goods manufactured schedule. (Assume all raw materials used were direct materials.) CLARKSON COMPANY Cost of Goods Manufactured Schedule $ $ Prepare an income statement through gross profit. CLARKSON COMPANY (Partial) Income Statement $ 7 $ 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 $ 49 Click if you would like to Show Work for this question: Open Show Work