The following selected account balances are provided for Delray Mfg.

Sales$1,301,000Raw materials inventory, beginning42,000Work in process inventory, beginning52,000Finished goods inventory, beginning63,200Raw materials purchases180,800Direct labor246,000Factory supplies used (indirect materials)18,300Indirect labor47,000RepairsFactory equipment5,250Rent cost of factory building55,000Advertising expense109,000General and administrative expenses130,000Raw materials inventory, ending44,100Work in process inventory, ending40,600Finished goods inventory, ending69,000

Prepare an income statement for Delray Mfg. (a manufacturer).