The following data were taken from the records of Metlock Company for the fiscal year ended June 30, 2022. Raw Materials Inventory 7/1/21 $53,000 Accounts Receivable $32,700 Raw Materials Inventory 6/30/22 48,400 Factory Insurance 4,800 Finished Goods Inventory 7/1/21 97,400 Factory Machinery Depreciation 18,600 Finished Goods Inventory 6/30/22 23,100 Factory Utilities 30,500 Work in Process Inventory 7/1/21 28,000 Office Utilities Expense 8,750 Work in Process Inventory 6/30/22 27,100 Sales Revenue 563,100 Direct Labor 143,150 Sales Discounts 5,000 Indirect Labor 25,760 Factory Manager's Salary 64,200 Factory Property Taxes 9,610 Factory Repairs 1,700 Raw Materials Purchases 97,000 Cash 41,000