The following selected account balances are provided for Delray Mfg. 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 $ 1,017,000 40,000 53,900 68,900 194,400 246,000 16,900 40,000 5,250 Rent cost of factory building 54,000 Advertising expense 106,000 General and administrative expenses 142,000 Raw materials inventory, Dec. 31, 2017 49,400 Work in process inventory, Dec. 31, 2017 Finished goods inventory, Dec. 31, 2017 40,900 70,900 Prepare its schedule of cost of goods manufactured for the year ended December 31, 2017. DELRAY MFG. Schedule of Cost of Goods Manufactured For Year Ended December 31, 2017 Direct materials DELRAY MFG. Schedule of Cost of Goods Manufactured For Year Ended December 31, 2017 Raw materials available for use Direct materials used Factory overhead: Total factory overhead costs Total factory overhead costs Total manufacturing costs Total cost of work in process Cost of goods manufactured Prepare an income statement for Delray Mfg. (a manufacturer). Cost of goods sold DELRAY MFG. Income Statement For Year Ended December 31, 2017 Cost of goods available for sale Cost of goods sold Operating expenses Total operating expenses