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 $5,100 $48,900 Factory Insurance Raw Materials Inventory 6/30/17 46,900 Factory Machinery Depreciation 18,000 Finished Goods Inventory 7/1/16 97,700 Factory Utilities 30,000 21,600 Office Utilities Expense Finished Goods Inventory 6/30/17 9,350 Work in Process Inventory 7/1/16 25,200 Sales Revenue 558,900 Sales Discounts Work in Process Inventory 6/30/17 23,700 5,000 142,050 Plant Manager's Salary Direct Labor 65,200 Indirect Labor 25,360 Factory Property Taxes 9,710 Accounts Receivable 35,500 Factory Repairs 2,200 Raw Materials Purchases 96,700 Cash 40,700