5 Part 2 of 2 20 polit 0112:29 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. Sales Raw materials Inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials purchases Direct labor Indirect labor $ 1,250,000 54,000 70,000 91,000 248,000 298,000 45,000 36,000 72,000 115,000 General and administrative expenses 184,000 Raw materials inventory, ending 65,000 Work in process inventory, ending Finished goods inventory, ending 84,000 109,000 Repairs-Factory equipment Rent cost of factory building Selling expenses Prepare an income statement for Delray Manufacturing (a manufacturer). Assume that its cost of goods manufactured is $674,000. DELRAY MANUFACTURING Income Statement For Year Ended December 31 Cost of goods sold