Following are the selected account balances of Delray Mfg 1,277,000 Sales Raw materials inventory, Dec. 31, 2014 38,000 55,100 Work in process inventory, Dec. 31, 2014 62,700 Finished goods inventory, Dec. 31, 2014 198,200 Raw materials purchases 232,000 Direct labor Factory computer supplies used 15,300 48,000 Indirect labor Repairs-Factory equipment 5,250 Rent cost of factory building 59,000 Advertising expense 84,000 133,000 General and administrative expenses 43,400 Raw materials inventory, Dec. 31, 2015 Work in process inventory, Dec. 31, 2015 38,900 70,900 Finished goods inventory, Dec. 31, 2015 Prepare an income statement for Delray Mfg (a manufacturer). Assume that its cost of goods manufactured is $568,550