[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	$ 1,100,000
Raw materials inventory, beginning	48,000
Work in process inventory, beginning	62,000
Finished goods inventory, beginning	81,000
Raw materials purchases	221,000
Direct labor	265,000
Indirect labor	40,000
RepairsFactory equipment	32,000
Rent cost of factory building	64,000
Selling expenses	102,000
General and administrative expenses	163,000
Raw materials inventory, ending	58,000
Work in process inventory, ending	74,000
Finished goods inventory, ending	97,000

Prepare an income statement for Delray Manufacturing (a manufacturer). Assume that its cost of goods manufactured is $600,000.

DELRAY MANUFACTURING Income Statement For Year Ended December 31