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 $ 17,400 15,400 19,400 Finished goods inventory, beginning Cost of goods manufactured 20,400 41,400 Selling expenses Cash 13,400 56,400 Land 29,400 94,800 2,400 Sales Equipment REX MANUFACTURING Income Statement For Year Ended December 31 Cost of goods sold