Required information The following selected account balances are provided for Delray Mfg. Sales Raw materials inventory, Dec. 31, 2016 Work in process inventory, Dec. 31, 2016 Finished goods inventory, Dec. 31, 2016 Raw materials purchases Direct labor Factory computer supplies used Indirect labor Repairs-Factory equipment Rent cost of factory building Advertising expense General and administrative expenses Raw materials inventory, Dec. 31, 2017 Work in process inventory, Dec. 31, 2017 Finished goods inventory, Dec. 31, 2017 $ 1,397,000 35,000 50,900 61,900 169, 700 226,000 21,600 53,000 5,250 58,000 93,000 129,000 45,300 46,400 67,500 Prepare an income statement for Delray Mfg. (a manufacturer). DELRAY MFG. Income Statergent For Year Ended December 31, 2017 Cost of goods sold Cost of goods available for sale ances Cost of goods sold Operating expenses Total operating expenses Operating income