The following selected account balances are provided for Delray Mfg. 

Sales $ 1,061,000 Inventory of raw materials, December 31, 2016 44,000 Inventory of work in progress, December 31, 2016 51,000 Inventory of finished goods, December 31, 2016 66,000 Purchases of raw materials 191,100 Direct labor 224,000 Computer supplies Used Factory Equipment 24,600 Indirect Labor 58,000 Repairs – Factory Equipment 5,250 Factory Building Rental Cost 53,000 Advertising Expenses 81,000 General and Administrative Expenses 136,000 Raw Materials Inventory, December 31, 2017 43,200 Work-in-process inventory, December 31, 2017 42,600 Finished goods inventory, December 31, 2017 66,500

 Required

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