Problem 14-04A a-c (Video) (Part Level Submission) The following data were taken from the records of Crane Company for the fiscal year ended June 30, 2020 Raw Materials Inventory 7/1/19 Raw Materials Inventory 6/30/20 Finished Goods Inventory 7/1/19 Finished Goods Inventory 6/30/20 Work in Process Inventory 7/1/19 Work in Process Inventory 6/30/20 Direct Labor Indirect Labor Accounts Receivable $50,000 47,300 97,800 24,800 22,900 24,500 144,850 25,160 27,300 Factory Insurance Factory Machinery Depreciation Factory Utilities Office Utilities Expense Sales Revenue Sales Discounts Plant Manager's Salary Factory Property Taxes Factory Repairs Raw Materials Purchases Cash $5,400 18,600 31,000 9,450 560,200 4,400 65,600 9,810 1,500 96,900 41,500 (b) Prepare an income statement through gross profit. CRANE COMPANY (Partial) Income Statement Click if you would like to Show Work for this question: Open Show Work