The following data were taken from the records of Clarkson Company for the fiscal year ended June 30, 2022. Raw Materials Inventory 7/1/21 $48,000 Accounts Receivable $27,000 Raw Materials Inventory 6/30/22 39,600 Factory Insurance 4,600 Finished Goods Inventory 7/1/21 Finished Goods Inventory 6/30/22 96,000 Factory Machinery Depreciation 16,000 75,900 Factory Utilities 27,600 Work in Process Inventory 7/1/21 19,800 Office Utilities Expense 8,650 Work in Process Inventory 6/30/22 18,600 Sales Revenue 534,000 Direct Labor 139,250 Sales Discounts 4,200 Indirect Labor 24,460 Factory Manager's Salary 58,000 Factory Property Taxes 9,600 Factory Repairs 1,400 Raw Materials Purchases 96,400 Cash 32,000