Check my work 4 2 of 2 Required information The following information applies to the questions displayed below! Use the following selected account balances of Delray Manufacturing for the year ended December 31. ints Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials purchases Direct labor Indirect labor Repairs-Factory equipment Rent cost of factory building Selling expenses General and administrative expenses Raw materials inventory, ending Work in process inventory, ending Finished goods inventory, ending $ 1,450,000 62,000 81,000 105,000 285,000 342,000 51,od 41,000 82,000 131,00 210,000 74,000 97.000 126,000 Prepare an income statement for Delray Manufacturing (a manufacturer). Assume that its cost of goods manufactured is $773,000 DELRAY MANUFACTURING Income Statement For Year Ended December 31 T 1.450,000 Sales . BE Next > Prepare an income statement for Delray Manufacturing (a manufacturer). Assum is $773,000. DELRAY MANUFACTURING Income Statement For Year Ended December 31 Sales $ 1,450,000 Cost of goods sold: Finished goods inventory, beginning Cost of goods manufactured GA $ 105,000 Goods available for sale 105,000 Cost of goods sold 105,000 1,345,000 Net income $ 1,345,000