The following selected account balances are provided for Delray Mfg. Sales $ 1,480,000 Raw materials inventory, Dec. 31, 2016 37,000 Work in process inventory, Dec. 31, 2016 51,400 Finished goods inventory, Dec. 31, 2016 65,700 Raw materials purchases 186,400 Direct labor 239,000 Factory computer supplies used 18,700 Indirect labor 41,000 RepairsFactory equipment 5,250 Rent cost of factory building 55,000 Advertising expense 84,000 General and administrative expenses 127,000 Raw materials inventory, Dec. 31, 2017 42,900 Work in process inventory, Dec. 31, 2017 39,500 Finished goods inventory, Dec. 31, 2017 68,400 Exercise 1-14 Income statement preparation LO P2 Prepare an income statement for Delray Mfg. (a manufacturer).