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

$\backslash$table$[[$Sales$,$$$2,750,000],[$Raw materials inventory, beginning,$114,000],[$Work in process inventory, beginning,$148,000],[$Finished goods inventory, beginning,$192,000],[$Raw materials purchases,$524,000],[$Direct labor,$629,000],[$Indirect labor,$94,000],[$Repairs$-$Factory equipment,$75,000],[$Rent cost of factory building,$150,000],[$Selling expenses,$240,000],[$General and administrative expenses,$384,000],[$Raw materials inventory, ending,$137,000],[$Work in process inventory, ending,$178,000],[$Finished goods inventory, ending,$230,000]]$

Exercise $18-14($Algo$)$ Income statement preparation LO P$1$

Prepare an income statement for Delray Manufacturing $($a manufacturer$).$ Assume th its cost of goods manufactured is $$1,419,000.$

$\backslash$table$[[$DELRAY MANUFACTURING,,$],[$Income Statement,,$],[,,],[$Cost of goods sold:,,$],[,,],[,,],[$Goods available for sale,,$],[,,],[$Cost of goods sold,,$],[,,],[,,],[,,],[,,]]$