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! 23 Required information The following selected account balances are provided for Delray Mfg. Part 2 of 2 9 points 8 02:09:14 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 $ 1,309,000 36,000 57,100 64,800 176,400 222,000 17,000 48,000 5,250 54,000 86,000 138,000 47,200 38,700 74,900 Prepare an income statement for Delray Mfg. (a manufacturer). DELRAY MFG. Income Statement For Year Ended December 31, Year 1 Cost of goods sold UU uuuu LIVE WACHOCO Raw materials inventory, ending Work in process inventory, ending Finished goods inventory, ending IJU,VVU 47,200 38,700 74,900 23 Prepare an income statement for Delray Mfg. (a manufacturer). Part 2 of 2 DELRAY MFG. Income Statement For Year Ended December 31, Year 1 9 points 8 02:09:06 Cost of goods sold Cost of goods available for sale Cost of goods sold Operating expenses Total operating expenses Operating income