QS 18-11 (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 $ 17,600 15,600 19,600 20,600 41,600 13,600 56,600 29,600 95,200 2,600 Cost of goods sold REX MANUFACTURING Income Statement For Year Ended December 31