! Required information The following selected account balances are provided for Delray Mfg. $ Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials purchases Direct labor Factory supplies used (indirect materials) Indirect labor Repairs-Factory equipment Rent cost of factory building Advertising expense General and administrative expenses Raw materials inventory, ending Work in process inventory, ending Finished goods inventory, ending 1,304,000 45,000 54,800 60, 100 161,900 228,000 18,089 50,000 5,250 51,000 98,000 130,000 43,700 46,700 67,300 Prepare an income statement for Delray Mfg. (a manufacturer) DELRAY MFG Income Statement For Year Ended December 31, Year 1 Cost of goods sold Prepare an income statement for Delray Mfg. (a manufacturer). DELRAY MFG Income Statement For Year Ended December 31, Year 1 Cost of goods sold Cost of goods available for sale Cost of goods sold 0 Operating expenses 0 Total operating expenses Operating income