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 $ 17,400 15,400 19,400 20,400 41,400 13,400 56,400 29,400 94,000 2,400 Equipment REX MANUFACTURING Income Statement For Year Ended December 31 Cost of goods sold