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 $ 17,700 15,700 19,700 20,700 41,700 13,700 56,700 29,700 95,400 2,700 REX MANUFACTURING Income Statement For Year Ended December 31 Cost of goods sold 5 Equipment 2,700 REX MANUFACTURING Income Statement 2 For Year Ended December 31 ts Cost of goods sold eBook Hint Print eferences