$ Sales Raw materials inventory, beginning Work in process Inventory, beginning Finished goods Inventory, beginning Raw materials purchases Direct labor Factory supplies used (indirect materiels) Indirect labor Repairs --Factory equipment Rent cost of factory building Advertising expense General and administrative expenses Raw materials inventory, ending Work in process inventory, ending Finished goods Inventory, ending 1258,000 44,000 52.300 68,000 155 300 248.000 15700 48,000 5.250 59,000 87,000 135,000 48,500 43,700 72.000 Award: 10.00 points Prepare an income statement for Delray Mfg. (a manufacturer). DELRAY MFG. Income Statement For Yeter Ended December 31, Year 1 Cost of goods sold Cost of goods available for sale Cost of goods sold Operating expenses Total operating expenses Operating income