QS 14-11 (Algo) Preparing an income statement LO P1 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 Finished goods inventory, beginning Cost of goods manufactured Selling expenses Cash Land Sales Equipment $ 16,100 14,100 18,100 19,100 40,100 12,100 55,100 28,100 92,200 1,100 Cost of goods sold REX MANUFACTURING Income Statement For Year Ended December 31 0