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how do i calculate? The following calendar year-end information is taken from the December 31, 2019, adjusted trial balance and other records of Leone Company.

how do i calculate?

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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 expenseOffice equipment Depreciation expenseSelling equipment Depreciation expenseFactory equipment Factory supervision Factory supplies used Factory utilities Inventories Raw materials, December 31, 2018 Raw materials, December 31, 2019 Work in process, December 31, 2019 Work in process, December 31, 2019 Finished goods, December 31, 2&18 Finished goods, December 31, 2019 $ 25,700 3,500 9,700 39,700 103,500 3,500 31,000 153,000 133,000 19,500 13,500 151,900 142,000 Direct labor Income taxes expense Indirect labor Miscellaneous production costs Office salaries expense Raw materials purchases Rent expenseOffice space Rent expenseSelling space Rent expenseFactory building Maintenance expenseFactory equipment Sales Sales salaries expense $ 599,500 279,500 50,300 9,900 70,000 953,000 21,000 25,200 75,200 35,400 1,535,100 392,000 2. Prepare the company's 2019 income statement that reports separate categories for {a} selling expenses and (b) general and administrative expenses. - aw materials, Deoember 31, 201 a __ Cost of goods sold _ Goods available for sale . Cost of goods sold _ Operating expenses Selling expenses Total selling expenses General and administrative expenses Total general and administrative expenms Total operating expen ses Income before taxes N el income

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