Use the following selected account balances of Delray Manufacturing for the year ended December 31. Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials purchases Direct labor Indirect labor Repairs-Factory equipment Rent cost of factory building Selling expenses General and administrative expenses Raw materials inventory, ending Work in process inventory, ending Finished goods inventory, ending Prepare an income statement for Delray Manufacturing (a manufacturer). Assume that its cost of goods manufactured is $498,0 Cost of goods sold: $ 900,000 40,000 52,000 68,000 184,000 221,000 33,000 26,000 52,000 83,000 133,000 48,000 62,000 82,000 DELRAY MANUFACTURING Income Statement For Year Ended December 31

Use the following selected account balances of Delray Manufacturing for the year ended December 31. Prepare an income statement for Delray Manufacturing (a manufacturer). Assume that its cost of goods manufactured is $498 Prepare an income statement for Delray Manufacturing (a manufacturer). Assume that its cost of goods manufactured is $498,000