Required information Dell-Ray, a manufcaturing entity, has the following account balances: Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials purchases Direct labor Factory supplies used (indirect materials) Indirect labor Repairs-Factory equipment Rent cost of factory building Advertising expense General and administrative expenses Raw materials inventory, ending Work in process inventory. ending Finished goods inventory, ending $ 1,297,000 36,000 52,400 67,200 165,400 231,000 17,300 51,000 5,250 55,000 90,000 127.000 47.900 38,200 66,900 Above, you have been provided financial Information for the company. Based on this data, prepare its schedule of cost of goods manufactured for the year. DELRAY MFG Schedule of Cost of Goods Manufactured For Year Ended December 31, Year 1 Direct materials Raw materials available for use Direct materials used Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials purchases Direct labor Factory supplies used (indirect materials) Indirect labor Repairs-Factory equipment Rent cost of factory building Advertising expense General and administrative expensen Raw materials inventory, ending Work in process inventory, ending Finished goods inventory. ending $ 1,297,000 36,000 52,400 67,200 165,400 231,000 17,300 51.000 5,250 55,000 90,000 127.000 47.900 38.200 66,900 17:15 Above, you have been provided financial Information for the manufacturing company Dell-Ray. Based on this data, prepare its income statement for the year for the year. DELRAY MFG Income statement For Year Ended December 31, Year 1 Cost of goods sold Cost of goods available for sale Cost of goods sold Operating expenses