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Accounting

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[The following information applies to the questions displayed below.]
Use the following selected account balances of Delray Manufacturing for the year ended December 31.
Sales $ 2,300,000
Raw materials inventory, beginning 96,000
Work in process inventory, beginning 125,000
Finished goods inventory, beginning 163,000
Raw materials purchases 442,000
Direct labor 530,000
Indirect labor 80,000
RepairsFactory equipment 64,000
Rent cost of factory building 128,000
Selling expenses 205,000
General and administrative expenses 328,000
Raw materials inventory, ending 115,000
Work in process inventory, ending 150,000
Finished goods inventory, ending 196,000
Prepare an income statement for Delray Manufacturing (a manufacturer). Assume that its cost of goods manufactured is $1,200,000.

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