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#3 need help answering questions 1&2 please (The following information applies to the questions displayed below.) The following year-end Information is taken from the December

#3 need help answering questions 1&2 please

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(The following information applies to the questions displayed below.) The following year-end Information is taken from the December 31 adjusted trial balance and other records of Leone Company Advertising expense $ 66,000 Depreciation expanse Office equipment 45,000 Depreciation expense-Selling equipment 46,000 Depreciation expanse-Factory equipment 88,000 Raw materials purchases (all direct materials) 980,000 Maintenance expense-Factory equipment 47,400 Factory utilities 40, 600 Direct labor 552,000 Indirect labor 83,000 Office salaries expense 50,000 Rent expense Office space 30,000 Rent expense-Selling space 72,000 Rent expense-Factory building 173,000 Sales salaries expense 415,000 Using the following additional information for Leone Company, complete the requirements below. Raw materials inventory, beginning $ 196,000 Raw materials inventory, ending 201,000 Work in process inventory, beginning 59,000 Bales 3,205,000 Work in process inventory, ending 63,000 Finished goods inventory, beginning 83,000 Finished goods inventory, ending 91,000 Required: 1. Prepare the schedule of cost of goods manufactured for the current year. 2. Prepare the current year income statement

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