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$[$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 $ $1,250,000$

Raw materials inventory, beginning $37,000$

Work in process inventory, beginning $53,900$

Finished goods inventory, beginning $62,700$

Raw materials purchases $175,600$

Direct labor $225,000$

Indirect labor $47,000$

Repairs$$Factory equipment $23,000$

Rent cost of factory building $57,000$

Selling expenses $94,000$

General and administrative expenses $129,300$

Raw materials inventory, ending $42,700$

Work in process inventory, ending $41,500$

Finished goods inventory, ending $67,300$

Prepare an income statement for Delray Manufacturing $($a manufacturer$).$ Assume that its cost of goods manufactured is $$534,300.!$

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

Repairs$-$Factory equipment

Rent cost of factory building

Selling expenses

General and administrative expenses

Raw materials inventory, ending

Work in process inventory, ending

Finished goods inventory, ending

$$1,250,000$

$37,000$

$53,900$

$62,700$

$175,600$

$225,000$

$47,000$

$23,000$

$57,000$

$94,000$

$129,300$

$42,700$

$41,500$

$67,300$

Prepare an income statement for Delray Manufacturing $($a manufacturer$).$ Assume that its cost of goods manufactured is $$534,300.$