The following selected account balances are provided for Delray Mfg. $ Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials purchases Direct labor Factory supplies used (indirect materials) Indirect labor Repairs-Factory equipment Rent cost of factory building Advertising expense General and administrative expenses Raw materials inventory, ending Work in process inventory, ending Finished goods inventory, ending 1,299,000 44,000 55,900 68,300 186,500 244,000 17,200 47,000 5,250 56,000 93,000 126,000 43,200 41, 409 67,100 Prepare an Income statement for Delray Mfg. (a manufacturer). DERN ME Income statement For year ended December Year Cost of goods sold Cost of goods available for sale Cost of goods sold Operating expenses Total operating expenses Operating income 5