Q. 1 Prepare a cost of goods manufactured schedule, a partial income statement, and a partial balance sheet 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 Raw Materials Inventory, 6/30/20 Finished Goods Inventory, 7/1/19 Finished Goods Inventory, 6/30/20 $48,000 39,600 Factory Machinery Depreciation Factory Utilities $16,000 27,600 96,000 Office Utilities Expense 8,650 75,900 Sales Revenue 534,000 Work in Process Inventory, 7/1/19 19,800 Sales Discounts 4,200 Work in Process Inventory, 6/30/2 18,600 Plant Manager's Salary 58,000 Direct Labor 139,250 Factory Property Taxes 9,600 Indirect Labor 24,460 Factory Repairs 1,400 Accounts Receivable 27,000 Raw Materials Purchases 96,400 Factory Insurance 4,600 Cash 32,000 Instructions (a) Prepare a cost of goods manufactured schedule. (Assume all raw materials used were direct materials.) (b) Prepare an income statement through gross profit. (c) Prepare the current assets section of the balance sheet at June 30, 2020. NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a "?"