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 $ $16,800$

General and administrative expenses $14,800$

Accounts receivable $18,800$

Finished goods inventory, beginning $19,800$

Cost of goods manufactured $40,800$

Selling expenses $12,800$

Cash $55,800$

Land $28,800$

Sales $93,600$

Equipment $1,800$