View Policies Current Attempt in Progress The following data were taken from the records of Clarkson Company for the fiscal year ended June 30, 2020. Raw Materials Inventory 7/1/19 $53,000 Factory Insurance $4,800 Raw Materials Inventory 6/30/20 48,400 Factory Machinery Depreciation 18,600 Finished Goods Inventory 7/1/19 97,400 Factory Utilities 30,500 Finished Goods Inventory 6/30/20 23,100 Office Utilities Expense 8.750 Work in Process Inventory 7/1/19 28,000 Sales Revenue 563,100 Work in Process Inventory 6/30/20 27.100 Sales Discounts 5,000 Direct Labor 143,150 Plant Manager's Salary 64,200 Indirect Labor 25,760 Factory Property Taxes 9.610 Accounts Receivable 32,700 Factory Repairs 1,700 Raw Materials Purchases 97.000 Cash 41,000 CLARKSON COMPANY Cost of Goods Manufactured Schedule 7 7 Prepare an income statement through gross profit. CLARKSON COMPANY (Partial) Income Statement Prepare the current assets section of the balance sheet at June 30, 2020. (List Current Assets in order of liquidity.) CLARKSON COMPANY (Partial) Balance Sheet