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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	$ 2,400,000
Raw materials inventory, beginning	100,000
Work in process inventory, beginning	130,000
Finished goods inventory, beginning	169,000
Raw materials purchases	460,000
Direct labor	552,000
Indirect labor	83,000
RepairsFactory equipment	66,000
Rent cost of factory building	132,000
Selling expenses	211,000
General and administrative expenses	338,000
Raw materials inventory, ending	120,000
Work in process inventory, ending	156,000
Finished goods inventory, ending	203,000

Prepare an income statement for Delray Manufacturing (a manufacturer). Assume that its cost of goods manufactured is $1,247,000.