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 $ 16,300
general and administrative expenses 14,300
accounts receivable 18,300
finished goods inventory, beginning 19,300
cost of goods manufactured 40,300
selling expenses 12,300
cash 55,300
land 28,300
sales 92,600
equipment 1,300
