Sales	$	1,272,000
Raw materials inventory, Dec. 31, 2016		35,000
Work in process inventory, Dec. 31, 2016		57,200
Finished goods inventory, Dec. 31, 2016		63,500
Raw materials purchases		184,800
Direct labor		235,000
Factory computer supplies used		15,000
Indirect labor		49,000
RepairsFactory equipment		5,250
Rent cost of factory building		55,000
Advertising expense		102,000
General and administrative expenses		138,000
Raw materials inventory, Dec. 31, 2017		48,000
Work in process inventory, Dec. 31, 2017		44,000
Finished goods inventory, Dec. 31, 2017		72,000

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