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 $ 1,328,000 37,000 54,600 62,300 178,400 247,000 22,000 43,000 5,250 56,000 109,000 132,000 45,900 38,800 73,700 General and administrative expenses Raw materials inventory, ending Work in process inventory, ending Finished goods inventory, ending 132, ee 45,9 38,82 73,7 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 Operating expenses Total operating expenses Operating income