Saved 15 points Required information The following selected account balances are provided for Delray Mfg eBook Hint 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 $ 1,256,800 37,000 59,900 65,500 180,700 247,000 15,580 42,082 5,250 51,000 82,000 136,000 44,689 43,600 68,900 Print References Prepare an income statement for Delray Mfg. (a manufacturer). DELRAY MFG. Income Statement For Year Ended December 31, 2017 Cost of goods sold foods sold 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 180,700 247,000 15,500 42,000 5,250 51,00 82,080 136,000 44,600 43,600 68,900 points ebook Prepare an income statement for Delray Mig (a manufacturer) Hint Print DELRAY MFG. Income Statement For Year Ended December 31, 2017 References Cost of goods sold Cost of goods available for sale Cost of goods sold Operating expenses Total operating expenses Operating income