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 $1,700,000 72,000 94,000 122,000 331,000 397,000 60,000 48,000 96,000 154,000 General and administrative expenses 246,000 Raw materials inventory, ending 86,000 Work in process inventory, ending 113,000 146,000 Repairs-Factory equipment Rent cost of factory building Selling expenses Finished goods inventory, ending Prepare an income statement for Delray Manufacturing (a manufacturer). Assume that its cost of goods manufactured is $899,000. DELRAY MANUFACTURING Income Statement ces Sales For Year Ended December 31 $ 1,700,000 $ 122,000 Cost of goods sold: Finished goods inventory, beginning Cost of goods manufactured Goods available for sale 122.000