1 Q5 14-11 (Algo) Preparing an income statement LO P1 111 pont 2010 Prepare an income statement for Rex Manufacturing for the year ended December 31 using the following information. Hint. Not all Information given is needed for the solution Tinished goods Inventory ending $ 16,500 Cantal and administrative expenses 14.300 Accounts receivable 10.500 Picshed goods twentory beginning 19,500 Coat ot goods anotactured 40.500 Selling expenses Cash 12.500 55.500 zand 20,500 Sales 93,000 pont 1.500 REX MANUFACTURING Income Sustent For Year Ended December Cost of goods sold O