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. 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 $547000 Prepare an income statement for Delray Manufacturing (a manufacturer). Assume that its cost of goods manufactured is $547,000