The following data were taken from the records of Skysong Company for the fiscal year ended June 30, 2022.

Raw Materials Inventory 7/1/21		$51,600		Accounts Receivable		$35,400
Raw Materials Inventory 6/30/22		45,500		Factory Insurance		5,200
Finished Goods Inventory 7/1/21		99,100		Factory Machinery Depreciation		17,900
Finished Goods Inventory 6/30/22		22,300		Factory Utilities		31,100
Work in Process Inventory 7/1/21		29,600		Office Utilities Expense		9,450
Work in Process Inventory 6/30/22		28,100		Sales Revenue		557,100
Direct Labor		145,750		Sales Discounts		5,000
Indirect Labor		26,660		Factory Managers Salary		65,300
				Factory Property Taxes		9,710
				Factory Repairs		2,200
				Raw Materials Purchases		99,000
				Cash		39,400

Prepare an income statement through gross profit.

SKYSONG COMPANY Income Statement (Partial) For the Year Ended June 30, 2022 $