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 1,236,000 42,000 59,100 61,600 161,100 225,000 23,500 48,000 5,250 59,000 93,000 139,000 47,700 39,400 65,500 Prepare an income statement for Delray Mfg. (a manufacturer). DELRAY MFG. Income Statement For Year Ended December 31, Year 1 Sales Cost of goods sold Cost of goods manufactured Cost of goods available for sale Cost of goods sold 0 Operating expenses Total operating expenses Operating income 0 0 $