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Required information The following selected account balances are provided for Delray Mfg. Sales $ 1,024,000 Raw...

Required information

The following selected account balances are provided for Delray Mfg.

Sales $ 1,024,000
Raw materials inventory, Dec. 31, 2016 36,000
Work in process inventory, Dec. 31, 2016 51,300
Finished goods inventory, Dec. 31, 2016 66,000
Raw materials purchases 171,700
Direct labor 226,000
Factory computer supplies used 19,300
Indirect labor 56,000
Repairs—Factory equipment 5,250
Rent cost of factory building 57,000
Advertising expense 98,000
General and administrative expenses 131,000
Raw materials inventory, Dec. 31, 2017 41,100
Work in process inventory, Dec. 31, 2017 43,300
Finished goods inventory, Dec. 31, 2017 67,900

Prepare an income statement for Delray Mfg. (a manufacturer).

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