O Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.) Use the following selected account balances of Delray Manufacturing for the year ended December 31. Sales $ 1,650,000 Raw materials inventory, beginning 70,000 Work in process inventory, beginning 91,000 Finished goods inventory, beginning 118,000 Raw materials purchases 322,800 Direct labor 386,000 Indirect labor 58,000 Repairs-Factory equipment 46,000 Rent cost of factory building 92,000 Selling expenses 147,000 General and administrative expenses 235,000 Raw materials inventory, ending 84,000 Work in process inventory, ending 109,000 Finished goods inventory, ending 142,000 Exercise 18-13 (Algo) Preparing schedule of cost of goods manufactured LO P2 Prepare its schedule of cost of goods manufactured for the year ended December 31, DELRAY MANUFACTURING Schedule of Cost of Goods Manufactured For Year Ended December 31 Direct materials: Exercise 18-13 (Algo) Preparing schedule of cost of goods manufactured LO P2 Prepare its schedule of cost of goods manufactured for the year ended December 31. DELRAY MANUFACTURING Schedule of Cost of Goods Manufactured For Year Ended December 31 Direct materials Raw materials available for use $ 0 Direct materials used $ 0 Factory overhead: 0 Total factory overhead Total manufacturing costs 0 Total cost of work in process 0 $ 0 Cost of goods manufactured Exercise 18-14 (Algo) Income statement preparation LO P1 Prepare an income statement for Delray Manufacturing (a manufacturer). Assume that its cost of goods manufactured is $872,000. DELRAY MANUFACTURING Income Statement For Year Ended December 31 Cost of goods sold Goods available for sale Cost of goods sold Net income