Sales	$	1,009,000
Raw materials inventory, beginning		35,000
Work in process inventory, beginning		52,900
Finished goods inventory, beginning		61,800
Raw materials purchases		180,800
Direct labor		249,000
Factory supplies used (indirect materials)		20,300
Indirect labor		58,000
RepairsFactory equipment		5,250
Rent cost of factory building		56,000
Advertising expense		105,000
General and administrative expenses		140,000
Raw materials inventory, ending		42,000
Work in process inventory, ending		39,500
Finished goods inventory, ending		65,100

Prepare an income statement for Delray Mfg. (a manufacturer).