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 $51.500 Factory Insurance $5,400 Raw Materials Inventory 6/30/20 47.900 Factory Machinery Depreciation 17,200 Finished Goods Inventory 7/1/19 98,100 Factory Utilities 29,000 Finished Goods Inventory 6/30/20 27,700 Office Utilities Expense 9,050 Work in Process Inventory 7/1/19 25,200 Sales Revenue 561,600 Work in Process Inventory 6/30/20 21,000 Sales Discounts 4.900 Direct Labor 145,850 Plant Manager's Salary 61.200 Indirect Labor 25.260 Factory Property Taxes 9.710 Accounts Receivable 35,200 Factory Repairs 1,700 Raw Materials Purchases 98,500 Cash 37,200 Prepare an income statement through gross profit. CLARKSON COMPANY (Partial) Income Statement