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 $ $17,900$

General and administrative expenses $15,900$

Accounts receivable $19,900$

Finished goods inventory, beginning $20,900$

Cost of goods manufactured $41,900$

Selling expenses $13,900$

Cash $56,900$

Land $29,900$

Sales $95,800$

Equipment $2,900$