Homework: Manageriai Accounting Assignment 0 Saved PaI'IZon References Use the foilowing selected account balances of Delray Manufacturing forthe year ended December 31. Sales $ 2,153,300 Raw materials inventory, beginning 93,300 work in process inventory, beginning 117,300 Finished goods inventory, beginning 152,300 Raw materials purchases 414,300 Direct labor 497,300 Indirect labor 75,300 RepairsFactory equipment 63,300 Rent cost of factory building 123,300 Selling expenses 192,300 General and administrative expenses 307,300 Raw materials inventory, ending 183,300 Work in process inventory, ending 143,300 Finished goods inventory, ending 182,300 Prepare an income statement for Delray Manufacturing (a manufacturer). Assume that its cost of goods manufactured is $1,125,000. Nel income