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 $54,600 Factory Insurance $4,700 Raw Materials Inventory 6/30/20 Factory Machinery Depreciation 44,200 17,700 Finished Goods Inventory 7/1/19 96,800 31,600 Factory Utilities Finished Goods Inventory 6/30/20 Office Utilities Expense 26,300 8,550 Work in Process Inventory 7/1/19 Sales Revenue 562,900 24,600 Work in Process Inventory 6/30/20 Sales Discounts 4,600 29,600 Plant Manager's Salary Direct Labor 147,050 65,400 Indirect Labor Factory Property Taxes 9,610 25,660 Accounts Receivable 2,500 35,300 Factory Repairs Raw Materials Purchases 98,100 Cash 36,300 CLARKSON COMPANY Cost of Goods Manufactured Schedule $ $ $ $ Prepare an income statement through gross profit. CLARKSON COMPANY (Partial) Income Statement 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 Open Show Work Click if you would like to Show Work for this