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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	$ 1,500,000
Raw materials inventory, beginning	64,000
Work in process inventory, beginning	83,000
Finished goods inventory, beginning	108,000
Raw materials purchases	294,000
Direct labor	353,000
Indirect labor	53,000
RepairsFactory equipment	42,000
Rent cost of factory building	84,000
Selling expenses	134,000
General and administrative expenses	214,000
Raw materials inventory, ending	77,000
Work in process inventory, ending	100,000
Finished goods inventory, ending	130,000

Prepare an income statement for Delray Manufacturing (a manufacturer). Assume that its cost of goods manufactured is $796,000.