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 $1,241,000 38,000 57,000 60, 800 166, 600 232,000 20, 200 60,000 5,250 51,000 103,000 134,000 49,800 46, 800 70,200 Prepare an income statement for Delray Mfg. (a manufacturer). DELRAY MEG. 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