es 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 $1,900,000 80,000 104,000 Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials purchases, Direct labor 135,000 368,000 442,000 Indirect labor 66,000 Repairs-Factory equipment 53,000 106,000 Rent cost of factory building Selling expenses 170,000 272,000 96,000 General and administrative expenses Raw materials inventory, ending Work in process inventory, ending Finished goods inventory, ending 125,000 162,000 Prepare an income statement for Delray Manufacturing (a manufacturer). Assume that its cost of goods manufactured is $998,000. DELRAY MANUFACTURING Income Statement For Year Ended December 31 Cost of goods sold Goods available for sale Cost of goods sold Net income