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

Raw Materials Inventory $7/1/21$

$$50,400$

Accounts Receivable

$$29,700$

Raw Materials Inventory $6/30/22$

$49,700$

Factory Insurance

$5,100$

Finished Goods Inventory $7/1/21$

$97,000$

Factory Machinery Depreciation

$18,500$

Finished Goods Inventory $6/30/22$

$25,500$

Factory Utilities

$31,100$

Work in Process Inventory $7/1/21$

$27,800$

Office Utilities Expense

$8,650$

Work in Process Inventory $6/30/22$

$22,200$

Sales Revenue

$557,500$

Direct Labor

$149,050$

Sales Discounts

$4,500$

Indirect Labor

$26,860$

Factory Manager$$s Salary

$64,400$

Factory Property Taxes

$9,610$

Factory Repairs

$2,200$

Raw Materials Purchases

$99,300$

Cash

$34,000($b$)$

Prepare an income statement through gross profit.

WINDSOR COMPANY

Income Statement $($Partial$)$

$

$

$

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