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 $ 16,200 14,200 18,200 Cost of goods manufactured Selling expenses Cash Finished goods inventory, beginning 19,200 40,200 12,200 55,200 Land Sales Equipment 28,200 92,400 1,200 Answer is not complete.. REX MANUFACTURING Income Statement For Year Ended December 31 Sales $ 92,400 Cost of goods sold Finished goods inventory, beginning 19.200 Cost of goods manufactured O 40,200 Goods available for sale O 59,400 Less Finished goods inventory, ending 0 (16.200) Cost of goods sold 76,200 Gross profit 16,200 Sales 92,400 General and administrative expenses 14.200 O Selling expenses 0 15 12.200 Net income