The following data were taken from the records of Vaughn Company for the fiscal year ended June 30, 2020.

Raw Materials Inventory 7/1/19		$51,500		Factory Insurance		$5,400
Raw Materials Inventory 6/30/20		47,900		Factory Machinery Depreciation		17,200
Finished Goods Inventory 7/1/19		98,100		Factory Utilities		29,000
Finished Goods Inventory 6/30/20		27,700		Office Utilities Expense		9,050
Work in Process Inventory 7/1/19		25,200		Sales Revenue		561,600
Work in Process Inventory 6/30/20		21,000		Sales Discounts		4,900
Direct Labor		145,850		Plant Managers Salary		61,200
Indirect Labor		25,260		Factory Property Taxes		9,710
Accounts Receivable		35,200		Factory Repairs		1,700
				Raw Materials Purchases		98,500
				Cash		37,200

Prepare an income statement through gross profit.

VAUGHN COMPANY (Partial) Income Statement