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 $ 1,050,000 44,000 51,600 64,500 177,700 225,000 18,300 42,000 5,250 58,000 100,000 132,000 46,900 46,500 69,100 Prepare an income statement for Delray Mfg. (a manufacturer) Prepare an income statement for Delray Mfg. (a manufacturer). DELRAY MFG. Income Statement For Year Ended December 31, 2017 322,510 Sales Cost of goods sold Cost of goods available for sale 0 Cost of goods sold 0 Operating expenses Total operating expenses Operating income 0 0 $