Problem 3. Para con loods mentaclared schedulincome and as she The following data were taken trom the records of Clarkson Company for the fiscal year ended June 30, 2020 Raw Materials inventory 7/1/2019 $48.000 Factory Machinery Deprecation Raw Materials inventory 6/30/2020 39,000 Factory Usintes Finished Goods Inventory, 7/1/2019 96.000 Once Utilities Expense Finished Goodsy 6/30/2020 75.900 Sales Revenge Work in Process inventory 7/2019 19,800 Sales Discounts Work in Process inventory 630/2020 Pent Manager's Salary Direct Labor 130.250 Factory Property Tones Indie Labor 24.460 Factory Repairs Accounts Receivable 27.000 Raw Materials Purchases Factory Insurance 4.600 Cash Instructions a) Prepare a cost of goods manufactured schedule Assume al raw materials used were direct materials D) Prepare an income statement through gross profit (6) Prepare the current assets section of the balance sheet Aune 30, 2020 NOTE: Enter a number in cells requesting a value, enter either a number or a formula in cells with a ". 18.000 $16.000 27.000 3650 534000 4200 58000 9.600 1400 98100 32.000 (8) Prepare a cost of goods manufactured schedule Assume law materials used were direct materials) CLARKSON COMPANY Cost of Goods Manufactured Schedule For the You Ended Ane 30.2020 Work in process invertory Juy2019 Direct materials Value Vah 7 Value Less Direct materials used Direct labor Manufacturing overhead Value Valore Value Value Valse 7 Total mandaduring overhead Total manufacturing costs Total cost of work in process Less Cost of goods manufactured Value D) Prepare an income statement through gross profil CLARKSON COMPANY (Partial income Statement Forted30.2020 Sales Revue Sales Revue Vale Less Value Net Sales Cost of goods sold Value ? 2 Cost of goods sold Gross profit Prewe the content assessedion of the balance sheet Are 30 2020 CLAAKSON COMPANY Partial Blance Sheet June 30, 2020 Assets Current Value Value Inventions Value V VI Total current assets