Question: Please help me with this accounting 2 question Required information Use the following information for the Exercises below. The following selected account balances are provided

 Please help me with this accounting 2 question Required information Use

Please help me with this accounting 2 question

Required information Use the following information for the Exercises below. The following selected account balances are provided for Delray Mfg. $ 1,389,000 43,000 53,200 62,500 161,100 250,000 Sales Raw materials inventory, Dec. 31, 2016 Work in process inventory, Dec. 31, 2016 Finished goods inventory, Dec. 31, 2016 Raw materials purchases Direct labor Factory computer supplies used Indirect labor Repairs-Factory equipment Rent cost of factory building Advertising expense General and administrative expenses Raw materials inventory, Dec. 31, 2017 Work in process inventory, Dec. 31, 2017 Finished goods inventory, Dec. 31, 2017 23,700 56,000 5,250 54,000 83,000 130,000 45,900 44,700 70,900 Exercise 18-14 Income statement preparation LO P2 Prepare an income statement for Delray Mfg. (a manufacturer). DELRAY MFG. Income Statement For Year Ended December 31, 2017 Cost of goods sold Cost of goods available for sale Cost of goods sold Operating expenses Total operating expenses Operating income

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