how is this wrong

Tuhowing information for the Problems below. (Algo) (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 ottice salaries expense Rent expense office space Hent expense-Selling space Rent expense Factory building Sales salaries expense $ 43,000 22.000 23,000 65,000 750.000 40.500 36,000 450.000 69.000 41.000 25,000 60,000 144,000 346.000 Problem 14-3A (Algo) Schedule of cost of goods manufactured and income statement LO P1, P2 Using the following additional information for Leone Company, complete the requirements below, Raw materials inventory, beginning Raw materialn nenntory ending $ 150,000 155,000 12 of 2 ay we following additional information for Leone Company, complete the requirements below. Raw materials inventory beginning $ 150,000 Raw materiale inventory, ending 155,000 Work in process inventory, beginning 45,000 Sale 2,529.000 Work in process inventory. ending 49.000 Pinished woods inventory, beginning 63.000 Finished goods Inventory, ending 71.000 Required: 1. Prepare the schedule of cost of goods manufactured for the current year. 2. Prepare the current year income statement, Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the current year income statement. LEONE COMPANY Income Statement For Yoar Ended December 31 art 2 of 2 OOO 150,000 750,000 900.000 1.500.000 (155,000) For Yar Ended December 31 Direct materials Raw materials inventory beginning PS Raw materials purchases Factory supples used Raw materials available for use Less: Raw materials inventory ending Direct materials used Direct labor . Factory Overhead Depreciation expense Factory equipment Factory utilities Indirect labor Rent expense-Factory building Maintenance expense-Factory equipment $ 1.045,000 460.000 Oo oo 65,000 36,000 69,000 144.000 40,500 Total factory overhead Total manufacturing costs Ada: Work in process inventory beginning Total cost of work in process Less: Work in process inventory ending 354,500 2.459.500 45.000 2.504.500 (49,000) 0 co 8 Nord aart 2012 Required 1 Required 2 Prepare the current year income statement. 5 2.525.000 LEONE COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Finished goods inventory beginning $ Cost of goods manufactured Cost of goods sold Goods available for sale Less: Finished goods inventory, anding Cost of goods sold Gross profit Depreciation expense-Factory Equipment Organization expenses 63.000 1,555,500 1.518,500 3.237.000 (71.000) 3,165,000 1637,000) 22.000 41,000 88.000 $ 788.000) Rent expense