Problem 19-4A The following data were taken from the records of Clarkson Company for the fiscal year ended June 30, 2017. Raw Materials Inventory 7/1/16 Raw Materials Inventory 6/30/17 Finished Goods Inventory 7/1/16 Finished Goods Inventory 6/30/17 Work in Process Inventory 7/1/16 Work in Process Inventory 6/30/17 Direct Labor Indirect Labor Accounts Receivable $57,500 41,500 96,300 22,100 21,300 28,200 142,650 26,760 29,900 Factory Insurance Factory Machinery Depreciation Factory Utilities Office Utilities Expense Sales Revenue Sales Discounts Plant Manager's Salary Factory Property Taxes Factory Repairs Raw Materials Purchases Cash $4,900 17,000 31,100 8,550 561,300 4,300 65,100 9,610 1,500 99,400 42,100 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 Prepare the current assets section of the balance sheet at June 30, 2017. (List Current Assets in order of liquidity.) CLARKSON COMPANY (Partial) Balance Sheet