Saved Chapter 14 Homework 7 Required information The following selected account balances are provided for Delray Mfg. Part 2 of 2 2.58 points Skipped 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 $ 1,425,000 44,000 59,800 61,700 176,600 231,000 21,500 51,000 5,250 54,000 97,000 132,000 40,500 40,900 73,500 eBook med Hint Print Prepare an income statement for Delray Mfg. (a manufacturer) References DELRAY MFG. Income Statement For Year Ended December 31, 2017 Cost of goods sold Cost of goods available for sale 0 Cost of goods sold 0 Operating expenses Total operating expenses Operating income 0 $ 0