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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 $ $2,300,000$

Raw materials inventory, beginning $96,000$

Work in process inventory, beginning $125,000$

Finished goods inventory, beginning $163,000$

Raw materials purchases $442,000$

Direct labor $530,000$

Indirect labor $80,000$

Repairs$$Factory equipment $64,000$

Rent cost of factory building $128,000$

Selling expenses $205,000$

General and administrative expenses $328,000$

Raw materials inventory, ending $115,000$

Work in process inventory, ending $150,000$

Finished goods inventory, ending $196,000$

Prepare an income statement for Delray Manufacturing $($a manufacturer$).$ Assume that its cost of goods manufactured is $$1,200,000.$