The following data were taken from the records of Kingbird Company for the fiscal year ended June 30, 2022. $51,100 Accounts Receivable $27,100 Raw Materials Inventory 7/1/21 Raw Materials Inventory 6/30/22 Finished Goods Inventory 7/1/21 46,000 4,700 Factory Insurance Factory Machinery Depreciation 98,200 19,000 26,100 Factory Utilities 29,100 Finished Goods Inventory 6/30/22 Work in Process Inventory 7/1/21 Work in Process Inventory 6/30/22 26.800 Office Utilities Expense 9,350 22.300 Sales Revenue 564,000 Direct Labor 147,750 Sales Discounts 4,700 Indirect Labor 26,560 65,600 Factory Manager's Salary Factory Property Taxes Factory Repairs 9,810 1,600 Raw Materials Purchases 97,500 Cash 35,600 Work in Process, July 1, 2021 Direct Materials Raw Materials Inventory, July 1, 2021 $ 51100 Raw Materials Purchases 97500 Total Raw Materials Available for Use 148600 Less : Raw Materials Inventory, June 30, 2022 46000 Direct Materials Used $ 102600 Direct Labor 147750 Manufacturing Overhead Factory Manager's Salary 65600 Factory Property Taxes 9810 Factory Repairs 1600 Indirect Labor 26560 Factory Insurance 4700 Factory Machinery Depreciation 19000 Factory Utilities 29100 Total Manufacturing Overhead 156370 Total Manufacturing Costs Total Cost of Work in Process Less 1 : Work in Process, June 30, 2022 Cost of Goods Manufactured KINGBIRD COMPANY Income Statement (Partial) For the Year Ended June 30, 2022 Sales Revenue $ 564000 Less Sales Discounts (4700) i Net Sales $ 559300 Cost of Goods Sold Finished Goods Inventory, July 1, 2021 98200 i Cost of Goods Manufactured 411220 i Cost of Goods Available for Sale 509420 i Less Finished Goods Inventory, June 30, 2022 (26100) i Cost of Goods Sold 483320 i Gross Profit $ 75980 Prepare the current assets section of the balance sheet at June 30, 2022. (List Current Assets in order of liquidity.) KINGBIRD COMPANY Balance Sheet (Partial) ASSETS $ > $ $ LA