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 $54,800 49,200 96,400 28,500 22,600 27,300 139,550 24,960 34,900 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 $5,300 16,500 29,500 9,250 561,300 4,500 66,100 9,710 2,300 99,500 36,300 (b) Prepare an income statement through gross profit. CLARKSON COMPANY (Partial) Income Statement $ $