Use the following information for the Exercises below The following selected account balances are provided for Delray Mfg 10 points Sales Raw materials inventory, Dec. 31, 2016 Work in process inventory, Dec. 31, 2016 Finished goods inventory, Dec. 31, 2016 Raw materials purchases Direct labor Factory computer supplies used Indirect labor Repairs-Factory equipment Rent cost of factory building Advertising expense General and administrative expenses Raw materials inventory, Dec. 31, 2017 Work in process inventory, Dec. 31, 2017 Finished goods inventory, Dec. 31, 2017 s 1,107,0e0 42,800 55, 500 69,200 185,480 247,000 22,708 48,000 5,250 57,000 108,800 132,000 40,200 43,000 74,800 Skipped eBook Hint Ask Print References Exercise 1-14 Income statement preparation LO P2 Prepare an income statement for Delray Mfg. (a manufacturer) 10 points DELRAY MFG Income Statement For Year Ended December 31, 2017 Skipped Cost of goods sold eBook Hint Ask Cost of goods available for sale Print Cost of goods sold Operating expenses Total operating expenses Operating income Mc Graw Hill Prev 1of 1: Next