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 $ 16,500 14,500 18,500 19,500 40,500 12,500 55,500 28,500 93,000 1,500 REX MANUFACTURING Income Statement For Year Ended December 31 Cost of goods sold