Required information

Use the following information for the Exercises below. $($Static$)$

$[$The following information applies to the questions displayed below.$]$

Use the following selected account balances of Delray Manufacturing for the year ended December $31.$

Sales

Raw materials inventory, beginning

Work in process inventory, beginning

Finished goods inventory, beginning

Raw materials purchases

Direct labor

Indirect labor

Repairs$-$Factory equipment

Rent cost of factory building

Selling expenses

General and administrative expenses

Raw materials inventory, ending

Work in process inventory, ending

Finished goods inventory, ending

$$1,250,000$

$37,000$

$53,900$

$62,700$

$175,600$

$225,000$

$47,000$

$23,000$

$57,000$

$94,000$

$129,300$

$42,700$

$41,500$

$67,300$

Exercise $18-14($Static$)$ Income statement preparation LO P$1$

Prepare an income statement for Delray Manufacturing $($a manufacturer$).$ Assume that its cost of goods manufactured is $$534,300.$

Answer is not complete.