Photos-2022-04-28 (16).png Part 2 of 2 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 $ 2,100,000 88,000 114,000 148,000 405,000 486,000 73,000 58,000 116,000 185,000 General and administrative expenses 298,000 Raw materials inventory, ending 106,000 Work in process inventory, ending 137,000 Finished goods inventory, ending 178,000 Repairs-Factory equipment Rent cost of factory building Selling expenses 79F Clear Prepare an income statement for Delray Manufacturing (a manufacturer). Assume that its cost of goods manufactured is $1,097,000. DELRAY MANUFACTURING Income Statement For Year Ended December 31 Sales Cost of goods sold: $2,100,000 Finished goods inventory, beginning $ 148,000 Cost of goods manufactured 1,097,000 Goods available for sale 1,245,000 Less: Finished goods inventory, ending 178,000 Cost of goods sold 1,067,000 Gross profit 1,033,000 Net income $ 1,033,000 87% Fullscreen 8:14 PM 4/28/2022