Use the following information for the Exercises below.

The following selected account balances are provided for Delray Mfg.

Sales	$	1,498,000
Raw materials inventory, Dec. 31, 2016		40,000
Work in process inventory, Dec. 31, 2016		51,600
Finished goods inventory, Dec. 31, 2016		67,100
Raw materials purchases		184,300
Direct labor		223,000
Factory computer supplies used		23,100
Indirect labor		50,000
RepairsFactory equipment		5,250
Rent cost of factory building		59,000
Advertising expense		95,000
General and administrative expenses		130,000
Raw materials inventory, Dec. 31, 2017		42,500
Work in process inventory, Dec. 31, 2017		40,500
Finished goods inventory, Dec. 31, 2017		71,300

Exercise 14-14 Income statement preparation LO P2

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