Use the following selected account balances of Delray Manufacturing for the year ended December 31. Sales $ 1,550,000 Raw materials inventory, beginning 66,000 Work in process inventory, beginning 86,000 Finished goods inventory, beginning 112,600 Raw materials purchases 304,000 Direct labor 365,000 Indirect labor 55,000 Repairs-Factory equipment 44,000 Rent cost of factory building 88,000 Selling expenses 141,600 General and administrative expenses 226,000 Raw materials inventory, ending 79,000 Work in process inventory, ending 103,000 Finished goods inventory, ending 134,00 Prepare its schedule of cost of goods manufactured for the year ended December 31. DELRAY MANUFACTURING Schedule of Cost of Goods Manufactured For Year Ended December 31 Direct materials: Raw materials available for use S 0 Direct materials used $ 0 Factory overhead: $ 0 Total factory overhead Total manufacturing costs 0 Total cost of work in process 0 Cost of goods manufactured $ 0 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 $ 1,550,000 66,600 86,000 112,000 304,000 365,000 55,000 44,000 88,000 141,000 226,000 79,000 103,000 134,000 Prepare an income statement for Delray Manufacturing (a manufacturer). Assume that its cost of goods manufactured is $826,000. DELRAY MANUFACTURING Income Statement For Year Ended December 31 Cost of goods sold: Goods available for sale 0 Cost of goods sold 0 Net income S 0