Use the following information for the Exercises below.

The following selected account balances are provided for Delray Mfg.

Sales	$	1,377,000
Raw materials inventory, Dec. 31, 2016		39,000
Work in process inventory, Dec. 31, 2016		52,100
Finished goods inventory, Dec. 31, 2016		62,200
Raw materials purchases		161,600
Direct labor		222,000
Factory computer supplies used		16,700
Indirect labor		43,000
RepairsFactory equipment		5,250
Rent cost of factory building		52,000
Advertising expense		87,000
General and administrative expenses		127,000
Raw materials inventory, Dec. 31, 2017		41,200
Work in process inventory, Dec. 31, 2017		46,500
Finished goods inventory, Dec. 31, 2017		72,200

Exercise 14-14 Income statement preparation LO P2

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