Required information [The following information applies to the questions displayed below.] Use the following selected account balances of Delray Manufacturing for the year ended Dece Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials purchases Direct labor $ 2,050,000 86,000 112,000 146,000 396,000 475,000 Indirect labor 71,000 Repairs-Factory equipment 57,000 Rent cost of factory building 114,000 Selling expenses 182,000 General and administrative expenses 291,000 Raw materials inventory, ending 103,000 Work in process inventory, ending 134,000 175,000 Finished goods inventory, ending Prepare an income statement for Delray Manufacturing (a manufacturer). Assume that its cost of goods m DELRAY MANUFACTURING Income Statement For Year Ended December 31 Cost of goods sold. Goods available for sale