SWIFTY COMPANY (Partial) Balance Sheet SA Prepare the current assets section of the balance sheet at June 30, 2020. (List Current Assets in order of liquidity.) The following data were taken from the records of Swifty Company for the fiscal year ended June 30, 2020. Raw Materials Inventory 7/1/19 $49,900 Factory Insurance $4,800 Raw Materials Inventory 6/30/20 45,000 Factory Machinery Depreciation 17,100 Finished Goods Inventory 7/1/19 Finished Goods Inventory 6/30/20 96.100 Factory Utilities 30,500 28,500 Office Utilities Expense 9,550 Work in Process Inventory 7/1/19 22,700 Sales Revenue 556,800 Work in Process Inventory 6/30/20 29,200 Sales Discounts 4,500 Direct Labor 145,050 Plant Manager's Salary 65,800 Indirect Labor 27.360 Factory Property Taxes 9,910 Accounts Receivable 34,100 Factory Repairs 1,500 Raw Materials Purchases 98,800 Cash 37,200 Income stateme Amount $ nt Sales revenue 556800 less: Sales disco -4500 unt Net Sales reven 552300 ue Less: Cost of goods sold Beginning inventory of FG 96100 Add: Cost of goods manufactured 399220 Total cost of goods availa 495320 ble Less: Ending inventory of -28500 Fg Cost of goods so 466820 Id Gross profit 85480