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The following data were taken from the records of Shamrock Company for the fiscal year...

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The following data were taken from the records of Shamrock Company for the fiscal year ended June 30,202 Raw Materials Inventory 7/1/21 $51,000 Accounts Receivable $35,400 RawMaterialsInventory6/30/2248,400FactoryInsurance5,000 FinishedGoodsInventory7/1/2196,100FactoryMachineryDepreciation17,200 FinishedGoodsInventory6/30/2226,800FactoryUtilities30,500 WorkinProcessInventory7/1/2125,200OfficeUtilitiesExpense9,550 WorkinProcessInventory6/30/2227,500SalesRevenue556,300 Direct Labor 148,650 Sales Discounts 5,000 Indirect Labor 24,560 Factory Manager's Salary 65,000 Factory Property Taxes 9,710 Factory Repairs 2,400 Raw Materials Purchases 98,400 Cash 35,800 Prepare an income statement through gross profit

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