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

Instructions
a. Prepare a cost of goods manufactured schedule. (Assume that all raw materials used were direct materials.)

b. Prepare an income statement through gross profit.

c. Prepare the current assets section of the balance sheet on June 30, 2022.

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Raw Materials Inventory 7/1/21 Accounts Receivable $ 27,000 $ 48,000 Factory Insurance Factory Machinery Depreciation Factory Utilities Office Utilities Expense Sales Revenue 4,600 Raw Materials Inventory 6/30/22 39,600 16,000 Finished Goods 27,600 Inventory 7/1/21 96,000 8,650 Finished Goods 534,000 Inventory 6/30/22 75,900 Sales Discounts 4,200 Work in Process Factory Manager's Salary Factory Property Taxes Factory Repairs 58,000 Inventory 7/1/21 19,800 9,600 Work in Process 1,400 Inventory 6/30/22 18,600 Raw Materials Purchases 96,400 Direct Labor 139,250 Cash 32,000 Indirect Labor 24,460