Prepare an income statement for Rex Manufacturing for the year ended December 31 using the following information. Tip : Not all of the information provided is necessary for the solution.

Finished Goods Inventory, Closing	$ 16,000
General and adminsitrative expenses	14,000
accounts receivable	18,000
Inventory of finished goods, from	19,000
cost of manufactured goods	40.000
selling expenses	12,000
Money	55,000
Tierra	28,000
Sales	92,000
Equipment	1,000

Answer rating: 100% (QA)

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