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 Finished goods inventory, ending $ 16,800 General and administrative expenses 14,800 Accounts receivable 18,800 Finished goods Inventory, beginning 19,800 Cost of goods manufactured 40.800 Selling expenses 12,800 Cash 55,800 Land 28.800 Sales 93,600 Equipment 1,800 REX MANUFACTURING Income Statement For Year Ended December 31 Cost of goods sold