Use the following selected account balances of Delray Manufacturing for the year ended December 31.

Sales	$ 2,150,000
Raw materials inventory, beginning	90,000
Work in process inventory, beginning	117,000
Finished goods inventory, beginning	152,000
Raw materials purchases	414,000
Direct labor	497,000
Indirect labor	75,000
RepairsFactory equipment	60,000
Rent cost of factory building	120,000
Selling expenses	192,000
General and administrative expenses	307,000
Raw materials inventory, ending	108,000
Work in process inventory, ending	140,000
Finished goods inventory, ending	182,000

Prepare an income statement for Delray Manufacturing (a manufacturer). Assume that its cost of goods manufactured is $1,125,000.