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 $ 17,800 15,800 19,800 20,800 41,800 13,800 56,800 Land Sales Equipment REX MANUFACTURING Income Statement For Year Ended December 31 Cost of goods sold 29,800 95,600 2,800