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 $49,900 45,000 96,100 28,500 22,700 29,200 145,050 27,360 34,100 Factory Insurance Factory Machinery Depreciation Factory Utilities Office Utilities Expense Sales Revenue Sales Discounts Plant Man er's Salary Factory Property Taxes Factory Repairs Raw Materials Purchases $4,800 17,100 30,500 9,550 556,800 4,500 65,800 9,910 1,500 98,800 37,200 Cash Prepare a cost of goods manufactured schedule. (Assume all raw materials used were direct materials.) CLARKSON COMPANY Cost of Goods Manufactured Schedule For the Year Ended June 30, 2020 Raw Materials Inventory, June 30, 2020 V $ 22,700 Raw Materials Purchases Total Raw Materials Available for Use Less : Raw Materials Inventory, June 30, 2020 $ Prepare an income statement through gross profit. CLARKSON COMPANY (Partial) Income Statement For the Year Ended June 30, 2020 Sales Revenue $ 556,800 Less : Sales Discounts 4500 Net Sales 552300 Cost of Goods Sold Finished Goods Inventory, July 1, 2019 96100 Cost of Goods Manufactured Cost of Goods Available for Sale Less : Finished Goods Inventory, June 30, 2020 Cost of Goods Sold Gross Profit $ Prepare the current assets section of the balance sheet at June 30, 2020. (List Current Assets in order of liquidity.) CLARKSON COMPANY (Partial) Balance Sheet $ $ $ e Textbook and Media