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 $ 17,700 General and administrative expenses 15,700 Accounts receivable 19,700 Finished goods inventory, beginning 20,700 Cost of goods manufactured 41,700 Selling expenses 13,700 Cash 56,700 Land 29,700 Sales 95,400 Equipment 2,700