7 Required information Send Part 2 of 2 points elou 10 Prin [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 Depreciation expense-office equipment Depreciation expense-Selling equipment Depreciation expense-Factory equipment Raw materials purchases (all direct materials) Maintenance expense-Factory equipment Factory utilities Direct labor Indirect labor office salaries expense Rent expense-Office space, Rent expense-Selling space Rent expense-Factory building Sales salaries expense $20,750 7,2501 8,600 49,325 925,000 35,400 33,000 675,400 159,475 63,000 22,000 26,100 76,800 392,560 References Using the following additional information for Leone Company, complete the requirements below Raw materials inventory, beginning Raw materials inventory, ending Work in process inventory, beginning: Sales Work in process inventory, ending Finished goods inventory, beginning Finished goods inventory, ending $166,850 182,000 15,700 4,462,500 19,380 167,350 136,490 Required: 1. Prepare the schedule of cost of goods manufactured for the current year. 2. Prepare the current year income statement in the tabs below. Help Save & Exit Submit Check my work Required information Required 1 Required 2 Part 2 of 2 11.11 points Prepare the schedule of cost of goods manufactured for the current year. LEONE COMPANY Schedule of Cost of Goods Manufactured For Year Ended December 31 Direct materials eBook Print Raw materials available for use Direct materials used References Factory overhead Total factory overhead Total manufacturing costs 8 Check my work Part 2 of 2 11.11 points Required information Raw materials available for use Direct materials used Factory overhead eBook Print Total factory overhead Total manufacturing costs 4 References Total cost of work in process Cost of goods manufactured Regents Required 2 > Required information Part 2 of 2 Required 1 Required 2 11.11 points Prepare the current year income statement. LEONE COMPANY Income Statement For Year Ended December 31 eBook Cost of goods sold Print References Goods available for sale Cost of goods sold < Required 1