Use the following information for the Exercises below. The following selected account balances are provided for Delray Mfg 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 $1,245,000 41,000 54,300 68,900 177,000 234,000 23,700 45,000 5,250 51,000 97,000 143,000 47,600 47,200 71,600 Exercise 1-14 Income statement preparation LO P2 Prepare an income statement for Delray Mfg. (a manufacturer)