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Required information [The following information applies to the questions displayed below.] Use the following selected account balances of Delray Manufacturing for the year ended December 31. Prepare an income statement for Delray Manufacturing (a manufacturer). Assume that its cost of goods manufactured is $796,000. Prepare an income statement for Delray Manufacturing (a manufacturer). Assume that its cost of goods manufactured is $796,000. \begin{tabular}{|l|l|l|} \hline \multicolumn{1}{|c|}{ DELRAY MANUFACTURING } \\ \hline \multicolumn{2}{|c|}{ Income Statement } & \\ \hline & Year Ended December 31 & \\ \hline Cost of goods sold: & & \\ \hline & & \\ \hline \hline & & \\ \hline Goods available for sale & & \\ \hline & & \\ \hline Cost of goods sold & & \\ \hline & & \\ \hline \hline & & \\ \hline \hline & & \\ \hline \hline & & \\ \hline \hline \end{tabular}