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 $ 2,400,000 100,000 130,000 169,000. 460,000 552,000 83,000 Repairs-Factory 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 Finished goods inventory, ending 156,000 203,000 Prepare an income statement for Delray Manufacturing (a manufacturer). Assume that its cost of goods manufactured is $1,247,000.