The following data were taken from the records of Teal Mountain Company for the fiscal year ended June 30, 2022. Raw Materials Inventory 7/1/21 $52,600 Accounts Receivable $31,400 Raw Materials Inventory 6/30/22 49,400 Factory Insurance 5,700 Finished Goods Inventory 7/1/21 Finished Goods Inventory 6/30/22 99,400 Factory Machinery Depreciation 18,100 24,300 Factory Utilities 29,900 Work in Process Inventory 7/1/21 21,200 Office Utilities Expense 8,750 Work in Process Inventory 6/30/22 23,200 Sales Revenue 562,600 Direct Labor 142,650 Sales Discounts 4,400 Indirect Labor 24,960 Factory Manager's Salary 62,400 Factory Property Taxes 9,910 Factory Repairs 1,600 Raw Materials Purchases 97,600 Cash 39,100