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 $51,600 45,500 99,100 22,300 29,600 28,100 145.750 26,660 35,400 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 $5,200 17.900 31,100 9,450 557.100 5,000 65,300 9,710 2,200 99,000 39.400 Cash CLARKSON COMPANY (Partial) Balance Sheet $