with explanations please!!!

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 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 $48,100 46,200 99,600 21,600 27,700 25,300 144,150 24,960 29,900 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 $5,600 18,600 29,200 8,850 561,400 4,900 64,400 9,910 2,100 99,200 40,700 Question 1 of 1 0.55/1 CLARKSON COMPANY (Partial) Income Statement For the Year Ended June 30, 2020 Sales Revenue Less Sales Discounts $ Net Sales Cost of Goods Sold Finished Goods Inventory, July 1, 2019 402,420 Cost of Goods Manufactured Cost of Goods Available for Sale Less Finished Goods Inventory, June 30, 2020 Cost of Goods Sold $ Gross Profit