1. Prepare the companys 2019 schedule of cost of goods manufactured.

2. Prepare the companys 2019 income statement that reports separate categories for (a) selling expenses and (b) general and administrative expenses.

Required information [The following information applies to the questions displayed below.) The following calendar year-end information is taken from the December 31, 2019, adjusted trial balance and other records of Leone Company. Advertising expense Depreciation expense-Office equipment Depreciation expense-Selling equipment Depreciation expense-Factory equipment Factory supervision Factory supplies used Factory utilities Inventories Raw materials, December 31, 2018 Raw materials, December 31, 2019 Work in process, December 31, 2018 Work in process, December 31, 2019 Finished goods, December 31, 2018 Finished goods, December 31, 2019 $ 26,400 Direct labor 11,000 Income taxes expense 9,800 Indirect labor 36,900 Miscellaneous production costs 120,400 Office salaries expense 7,500 Raw materials purchases 31,000 Rent expense-office space Rent expense-Selling space 157,200 Rent expense-Factory building 194,000 Maintenance expense-Factory equipment 15,500 Sales 18,700 Sales salaries expense 165, 100 143,800 $ 698,500 249,100 58,300 9,400 72,000 999,000 21,000 28,600 77,000 35,100 4,625,400 396,300 LEONE COMPANY Schedule of Cost of Goods Manufactured For Year Ended December 31, 2019 Direct materials Raw materials available for use Direct materials used Factory overhead Total factory overhead costs Total manufacturing costs Total cost of work in process | Cost of goods manufactured LEONE COMPANY Income Statement For Year Ended December 31, 2019 Cost of goods sold Goods available for sale Cost of goods sold Operating expenses Selling expenses Total selling expenses General and administrative expenses Total general and administrative expenses Total operating expenses Income before taxes Net income 0