The following data were taken from the records of Crane Manufacturing Company for the fiscal year ended December 31, 2022: Raw Materials Inventory (1/1/22) $47,800 Factory Machinery Depreciation $7,820 Raw Materials Inventory (12/31/22) 44,200 Factory Utilities 13,020 Finished Goods Inventory (1/1/22) 85,500 Office Utilities 9,000 Finished Goods Inventory (12/31/22) 77,350 Sales 465,800 Work in Process Inventory (1/1/22) 10,150 Sales Discounts 2,050 Work in Process Inventory (12/31/22) 6,950 Plant Manager's Salary 41,000 Direct Labour 146,050 Factory Property Taxes 7,100 Indirect Labour 18,100 Factory Repairs 880 Accounts Receivable 27,100 Raw Materials Purchases 62,900 Factory Insurance 7,580 Cash 28,350