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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	$ 1,450,000
Raw materials inventory, beginning	62,000
Work in process inventory, beginning	81,000
Finished goods inventory, beginning	105,000
Raw materials purchases	285,000
Direct labor	342,000
Indirect labor	51,000
RepairsFactory equipment	41,000
Rent cost of factory building	82,000
Selling expenses	131,000
General and administrative expenses	210,000
Raw materials inventory, ending	74,000
Work in process inventory, ending	97,000
Finished goods inventory, ending	126,000

Prepare an income statement for Delray Manufacturing (a manufacturer). Assume that its cost of goods manufactured is $773,000.