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The following data were taken from the records of Larkspur Company for the fiscal year ended June 30, 2022. Raw Materials Inventory 7/1/21 $49,900 Accounts

The following data were taken from the records of Larkspur Company for the fiscal year ended June 30, 2022. Raw Materials Inventory 7/1/21 $49,900 Accounts Receivable $34,100 Raw Materials Inventory 6/30/22 45,000 Factory Insurance 4,800 Finished Goods Inventory 7/1/21 96,100 Factory Machinery Depreciation 17,100 Finished Goods Inventory 6/30/22 28,500 Factory Utilities 30,500 Work in Process Inventory 7/1/21 22,700 Office Utilities Expense 9,550 Work in Process Inventory 6/30/22 29,200 Sales Revenue 556,800 Direct Labor 145,050 Sales Discounts 4,500 Indirect Labor 27,360 Factory Managers Salary 65,800 Factory Property Taxes 9,910 Factory Repairs 1,500 Raw Materials Purchases 98,800 Cash 37,200.

A) Prepare a cost of goods manufactured schedule. (Assume that all raw materials used were direct materials.

B) Prepare an income statement through gross profit.

C) Prepare the current assets section of the balance sheet at June 30, 2022

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