Acct 202... need help filling the rest of the boxes plz!
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 $ 28,750 Direct labor 7,250 Income taxes expense 8,680 Indirect labor 33,55 Miscellaneous production costs 102,688 Office salaries expense 7,350 Raw materials purchases 33,000 Rent expense-Office space Rent expense-Selling space 166,852 Rent expense-Factory building 182,830 Maintenance expense-Factory equipment 15,700 Sales 19,38 Sales salaries expense 167,350 136,490 $ 675,480 233,725 56,875 8,425 63,000 925,880 22,000 26,180 76,880 35,400 4,462,500 392,560 2. Prepare the company's 2019 Income statement that reports separate categories for (a) selling expenses and (b) general and administrative expenses Answer is not complete. LEONE COMPANY Income Statement For Year Ended December 31, 2019 Cost of goods sold Finished goods inventory, December 31, 20 atory, December 31, 2018 Goods available for sale 167.350 167,350 Cost of goods sold 167,350 (107,350) Operating expenses Selling expenses Advertising expense Depreciation expense-Selling equipment Rent expense--Selling space 28.750 8.600 26.100 63.450 Total selling expenses General and administrative expenses Depreciation expense-Office equipment Office salaries expense Rent expense-Office Space 83 000 22.000 Total general and administrative expens Total operating expenses Income before taxes Income taxes expense Net income 92.250 155,700 (323,050) 233,725 (566,775)