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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

$$2,850,000$

$118,000$

$153,000$

$199,000$

$543,000$

$652,000$

$98,000$

$78,000$

$156,000$

$250,000$

$400,000$

$142,000$

$184,000$

$239,000$

Prepare an income statement for Delray Manufacturing $($a manufacturer$).$ Assume that its cost of goods manufactured is $$1,472,000.$