Please answer the lue highlighted boxes on the tables.

Q1

Required information Use the following information for the Exercises below. (Algo) [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 $ 2,500,000 Raw materials inventory, beginning 104,000 Work in process inventory, beginning 135,000 Finished goods inventory, beginning 176,000 Raw materials purchases 478,000 Direct labor 574,000 Indirect labor 86,000 RepairsFactory equipment 69, 000 Rent cost of factory building 138,000 Selling expenses 221,000 General and administrative expenses 354,000 Raw materials inventory, ending 125, 000 Work in process inventory, ending 162,000 Finished goods inventory, ending 211, 000 Exercise 14-14 (Algo) Income statement preparation LO P1 Prepare an income statement for Delray Manufacturing (a manufacturer). Assume that its cost of goods manufactured is $1,297,000. DELRAY MANUFACTURING Income Statement For Year Ended December 31 Sales Cost of goods sold: Finished goods inventory, beginning $ 176,000 Cost of goods manufactured 1,297,000 Goods available for sale 1,473,000 Less: Finished goods inventory, ending 129,347 Cost of goods sold 1,343,653 Gross profit Direct labor 1,297,000 129,347 176,000 Direct labor 777,467 Net income $(2,379,814)Required information Use the following information for the Problems below. (Static) [The following information applies to the questions displayed below.] The following year-end information is taken from the December 31 adjusted trial balance and other records of Leone Company. Advertising expense $ 28,750 Depreciation expense-Office equipment 7,250 Depreciation expense-Selling equipment 8,600 Depreciation expenseFactory equipment 49,325 Raw materials purchases (all direct materials) 925,000 Maintenance expense-Factory equipment 35,400 Factory utilities 33,000 Direct labor 675,480 Indirect labor 159,475 Office salaries expense 63,000 Rent expense-Office space 22,000 Rent expense-Selling space 26,100 Rent expense-Factory building 76,800 Sales salaries expense 392,560 Problem 14-3A (Static) Schedule of cost of goods manufactured and income statement LO P1, P2 Using the following additional information for Leone Company, complete the requirements below. Required information Direct materials Raw materials available for use 0 Direct materials used 0 Factory overhead Total factory overhead O Total manufacturing costs 0 Total cost of work in process 0 Cost of goods manufactured 0 Required 1 Required 2 Prepare the current year income statement. Cost of goods sold | Goods available for sale an) Cost of goods sold | Problem 15-2A (Algo) Part 5 5-a. Compute gross profit for April. 5-b. Show how the three inventory accounts are reported on the April 30 balance sheet. x Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Req 5A Req 5B Show how the three inventory accounts are reported on the April 30 balance sheet. Inventories Raw materials $ 54,650 Work in process 285,000 Finished goods 545,500 X Total inventories $ 885, 150 Previous Req 5B