m. 4 points Required information Use the following 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 8 03:2925 cBook Print 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-orrice apace Rent expense-Selling space Rent expense-Factory building Sales salaries expense $ 28,000 7,000 8,000 50,000 600,000 36,000 33,000 400,000 60,000 36,000 22,000 53,000 127,000 305,000 References 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 materials inventory, ending Work in process inventory, beginning Sales Work in process inventory, ending Finianed goods inventory, beginning Finished goods inventory, ending $ 120,000 125,000 36,000 2,098,000 40,000 50,000 58,000 Required: 1. Prepare the schedule of cost of goods manufactured for the current year 2. Prepare the current year income statement Complete this question by entering your answers in the tabs below. Required 1 Required 2 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 Raw materials available for use Direct materials used