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The following selected account balances are provided for Delray Mfg. Sales $ 1,272,000 Raw materials inventory, Dec. 31, 2016 35,000 Work in process inventory, Dec.

The following selected account balances are provided for Delray Mfg.

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).

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