value 0.00 points Exercise 1-14 Income statement preparation LO P2 Following are the selected account balances of Delray Mfg Sales Raw materials inventory, Dec. 31,2014 $1,288,000 39,000 57,800 68,100 164,300 229,000 17,900 41,000 5,250 56,000 87,000 129,000 40,400 41,400 Work in process inventory, Dec. 31, 2014 Finished goods inventory, Dec. 31, 2014 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, 2015 Work in process inventory, Dec. 31, 2015 Finished goods inventory, Dec. 31, 2015 67,200 Prepare an income statement for Delray Mig (a manufacturer). Assume that its cost of goods manufa is $528,450 DELRAY MFG Income Statement For Year Ended December 31, 2015 13