Use the following selected account balances of Delray Manufacturing for the year ended December 31 Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods Inventory, beginning Raw materials purchases Direct labor Indirect labor Repair-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 $ 2,400,000 100,000 130,000 169,000 460,000 552,000 83,000 66,000 132,000 211,000 338,000 120.000 156,000 203,000 Prepare an income statement for Delray Manufacturing (a manufacturer). Assume that its cost of goods manufactured is $1.247.000, Prepare an income statement for Delray Manufacturing (a manufacturer). Assume that its cost of goods manufactured is $1.247,000. DELRAY MANUFACTURING Income Statement For Year Ended December 31 Cost of goods sold Goods available for sale 0 Cost of goods sold 0 Not income $ 0