Question 4 of 4 Prepare an income statement through gross profit. CLARKSON COMPANY (Partial) Income Statement $ > $ e Textbook and Media List of Accounts Attempts:O of 15cused Submit Answer MacBook Pr e G Search or type URL A 2 3 4 5 & 7 6 8 ( 9 ) 0 W E R T Y U 0 S D F G H View Policies Show Attempt History Current Attempt in Progress 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 Work in Process Inventory 7/1/19 Work in Process Inventory 6/30/20 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 (a) Your Answer Correct Answer Question 4 of 4 11.43/35 For the Tear Ended June 30, ZUZU Work in Process Inventory, July 1, 2019 Direct Materials Raw Materials Inventory, July 1, 2019 $ 57500 Raw Materials Purchases 99400 Total Raw Materials Available for Use 156900 Less Raw Materials Inventory, June 30, 2020 (41500) Direct Materials Used 115400 Direct Labor 142650 Manufacturing Overhead Indirect Labor 26760 Factory Insurance 4900 Factory Machinery Depreciation 17000 Factory Utilities 31100 Factory Repairs 1500 Factory Property Taxes 9610 Plant Manager's Salary 65100 1! Question 4 of 4 Manufacturing Overhead 26760 Indirect Labor 4900 Factory Insurance 17000 Factory Machinery Depreciation 31100 Factory Utilities 1500 Factory Repairs 9610 Factory Property Taxes 65100 Plant Manager's Salary 155970 Total Manufacturing Overhead Total Manufacturing Costs Total Cost of Work in Process Inventory Less: Work in Process Inventory, June 30, 2020 Cost of Goods Manufactured 9 e Textbook and Media Solution MacBook Pro Search or type URL 155970 414020 21300 (28200) i A 407120