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Help 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

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Help 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 $ 33,200 Direct labor 11,500 Income taxes expense 10,900 Indirect labor 39,600 Miscellaneous production costs 122,100 Office salaries expense 8,600 Raw materials purchases 44,000 Rent expense-office space Rent expense-Selling space 154,200 Rent expense-Factory building 186,000 Maintenance expense-Factory equipment 19,100 Sales 24,000 Sales salaries expense 161,900 135, 400 $ 681, 100 281,000 56,100 11,900 68,000 976,00 21,000 26,000 76,900 39,200 4,546,300 397,700 2. Prepare the company's 2019 Income statement that reports separate categories for (a) seling expenses and (b) general and administrative expenses. LEONE COMPANY Income Statement For Year Ended December 31, 2019 Cost of goods sold LEONE COMPANY Income Statement For Year Ended December 31, 2019 Cost of goods sold Goods available for sale 0 Cost of goods sold 0 0 Operating expenses Selling expenses Total selling expenses General and administrative expenses 0 Required information 0 Operating expenses Selling expenses Total selling expenses General and administrative expenses 0 Total general and administrative expenses 0 Total operating expenses Income before taxes 0 0 Net income $ 0

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