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

$$2,750,000$

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

$114,000$

$148,000$

$192,000$

$524,000$

$629,000$

$94,000$

$75,000$

$150,000$

$240,000$

$384,000$

$137,000$

$178,000$

$230,000$

Prepare an income statement for Delray Manufacturing $($a manufacturer$).$ Assume that its cost of goods manufactured is $$1,419,000.$