The following data were taken from the records of Clarkson Company for the fiscal yearended June 30, 2020 $ 52,600 $5,700 49,400 Factory Insurance Factory Machinery Depreciation Factory Utilities 16,100 99,400 29,900 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 24,300 Office Utilities Expense 8,750 21,200 Sales Revenue 562,600 23,200 Sales Discounts 4,400 Direct Labor 142,650 62.400 Plant Manager's Salary Factory Property Taxes Indirect Labor 24,960 9,910 Accounts Receivable 31,400 Factory Repairs 1,600 Raw Materials Purchases 97,600 Cash 39,100 Prepare an income statement through gross profit CLARKSON COMPANY (Partial) Income Statement $