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 $ 1,303,000 43,000 58,300 62,700 180,400 223,000 18,800 51,000 5,250 Rent cost of factory building 52,000 Advertising expense 100,000 General and administrative expenses 130,000 Raw materials inventory, Dec. 31, 2017 41,200 Work in process inventory, Dec. 31, 2017 42,500 Finished goods inventory, Dec. 31, 2017 71,500 Prepare an income statement for Delray Mfg. (a manufacturer). Cost of goods sold DELRAY MFG. Income Statement For Year Ended December 31, 2017 Cost of goods available for sale Cost of goods sold Operating expenses Total operating expenses Required information Cost of goods sold Cost of goods available for sale Cost of goods sold Operating expenses Total operating expenses Operating income