12 Part 2 of 2 3 points Required information Prepare the current year income statement what is correct or incorrect for the work you have completed so far It does not indicate completion LEONE COMPANY Income Statement Sales Cost of goods sold Cost of goods manufactured Finished goods inventory beginning Gross profit Selling expenses Rent expense Salaries expense Net income For Year Ended December 31 Goods available for sale Less Finished goods inventory ending Cost of goods sold 33 3 X X 1 255 500 X 57 000 1 312 500 65 000 2 331 000 1 247 500 1 083 500 426 000 55 000 X 317 000 X 285 500 Return to q