Prepare a manufacturing schedule and an income statement using the cost data of James Jones during the month of June, 2015

4. Prepare a manufacturing schedule and an income statement using the cost data of James Jones during the month of June, 2015 Direct Labor Materials purchased during the month of June, 2015 $300,000 Material purchases returns Material Purchases Discount Materials Transportation In Materials, June 1 Work-in process, June 1 Materials June 30, end of month Work-in process, June 30 Finished goods inventory, June 1 Finished goods inventory, June 30 Sales Commission Advertising expense Administrative Expenses Sales Sales Returns and Allowances Sales Discount Transportation-out Indirect Labor Cost Factory machinery depreciation Factory heat, light, and power Factory supplies Factory building property taxes Factory miscellaneous expenses Interest Income Gain on Sale of Furniture Loss on Sale of Equipment Loss on Sale of Stock Interest Expense Income Tax Rate taxes) $400,000 $1,000 $600 $700 $250,000 $140,000 $170,000 S160,000 $100,000 $115,000 $5,000 $10,000 $20,000 $900,000 $150,000 S40,000 $25,000 S40,000 S30,000 $7,000 S6,000 S6,500 $11,000 $2,500 S1,500 500 S 600 S 400 (30% of income before