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 $54,600 Factory Insurance $4,700Raw Materials Inventory 6/30/20 44,200 Factory Machinery Depreciation 17,700Finished Goods Inventory 7/1/19 96,800 Factory Utilities 31,600Finished Goods Inventory 6/30/20 26,300 Office Utilities Expense 8,550Work in Process Inventory 7/1/19 24,600 Sales Revenue 562,900Work in Process Inventory 6/30/20 29,600 Sales Discounts 4,600Direct Labor 147,050 Plant Manager’s Salary 65,400Indirect Labor 25,660 Factory Property Taxes 9,610Accounts Receivable 35,300 Factory Repairs 2,500Raw Materials Purchases 98,100Cash 36,300Prepare an income statement through gross profit.