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 General and administrative expenses Accounts receivable $ 16,300 14,300 18,300 Finished goods inventory, beginning 19,300 Cost of goods manufactured 40,300 Selling expenses 12,300 Cash Land Sales 55,300 28,300 Equipment 92,600 1,300 Cost of goods sold REX MANUFACTURING Income Statement For Year Ended December 31 0