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Required information The following selected account balances are provided for Delray Mfg. $ Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials purchases Direct labor Factory supplies used (indirect materials) Indirect labor Repairs-Factory equipment Rent cost of factory building Advertising expense General and administrative expenses Raw materials inventory, ending Work in process inventory, ending Finished goods inventory, ending 1,481, eee 37, eee 58,888 69, 2ee 194,5ee 235, 21,400 53,000 5,250 55,000 17 , 132,000 42,600 46,600 74,600 Prepare its schedule of cost of goods manufactured for the current year ended December 31 Prepare its schedule of cost of goods manufactured for the current year ended December 31. DELRAY MFG Schedule of Cost of Goods Manufactured For Year Ended December 31. Year 1 Direct materials 0 Raw materials available for use $ 0 Direct materials used Factory overhead: Factory overhead: 0 Total factory overhead costs Total manufacturing costs 0 Total cost of work in process 0 0 Cost of goods manufactured Required information The following selected account balances are provided for Delray Mfg. $ Sales Raw materials inventory, beginning Work in process inventory, beginning Finished goods inventory, beginning Raw materials purchases Direct labor Factory supplies used (indirect materials) Indirect labor Repairs-Factory equipment Rent cost of factory building Advertising expense General and administrative expenses Raw materials inventory, ending Work in process inventory, ending Finished goods inventory, ending 1,481,000 37,000 58,800 69,200 194,500 235,000 21,400 53,000 5,250 55,000 107,000 132,000 42,600 46,600 74,6ee Prepare an income statement for Delray Mfg. (a manufacturer). DELRAY MFG. Income Statement For Year Ended December 31, Year 1 Cost of goods sold 0 Cost of goods available for sale Cost of goods sold Operating expenses 0 Total operating expenses Operating income $ 0