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, 300,090 Raw materials Inventory, beginning 96, 090 Work in process inventory, beginning 125, 000 Finished goods inventory, beginning 163, 090 Raw materials purchases 442, 090 Direct labor 530, 600 Indirect labor 80, 890 Repairs-Factory equipment 64, 800 Rent cost of factory building 128, 600 Selling expenses 205, 090 General and administrative expenses 328, 800 Raw materials inventory, ending 115, 090 Work in process inventory, ending 150. 609 Finished goods inventory, ending 196, 090 Exercise 1-14 (Algo) Income statement preparation LO P1 Prepare an Income statement for Delray Manufacturing (a manufacturer). Assume that Its cost of goods manufactu DELRAY MANUFACTURING Income Statement For Year Ended December 31 Cost of goods sold Goods available for sale Cost of goods sold