The following were from the books of Angeline company for June 2021 Inventories: 1, June 31, 2019 June 2019 Raw materials ? Work in ? Process the 20,000 72,000 (808 of beginning) 208,000 100,000 Finished goods 120,000 Raw materials purchased Factory overhead 126,000 (75% of direct labor cost) 2,000 1,200 Materials returned to supplier Distribution expense, 5% of sales Freight in Administrative expense, 7% of sales Interest expense Sales Net Income 5,000 1,000,000 528,000 Required: Prepare the income statement