o Required information [The following information applies to the questions displayed below) The following information is taken from the December 31, 2019 year-end, adjusted trial balance and records of Reid, Lester, Hodge, and Leone Company. $ 26,300 8,700 10,800 30,100 102,500 7.500 36,000 Advertising expense Depreciation expense-office equipment Depreciation expense--Belling 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 proces, December 31, 2018 Work in process, December 31, 2019 Finished goods, December 31, 2018 Finished goods, December 31, 2019 Direct labor Income taxes expense Indirect labor Miscellaneous production conta Office salaries expense Raw materials purchases Rent expense office space Rent expense-Selling space Rent expense-Factory building Maintenance expense-Pactory equipment Sales Sales salaries expense $ 693,900 243,800 58,600 9,400 67,000 994,000 23,000 29,600 78,500 39, 700 4,446,100 393, 100 163,800 192,000 19,500 20,400 166,300 137,300 2. Prepare Reld, Lester, Hodge, and Leone's 2019 Income statement. Note: the companyroports separate categories for (a) selling expenses and (b) general and administrative expenses. LEONE COMPANY Income Statement For Year Ended December 31, 2019 Cost of goods sold Goods available for sale 2. Prepare Reld, Lester. Hodge, and Leone's 2019 Income statement. Note: the companyreports separate categories for (a) selling expenses and (b) general and administrative expenses. LEONE COMPANY Income Statement For Year Ended December 31, 2019 Cost of goods sold Goods available for sale Cost of goods sold Operating expenses Selling expenses Total soling expenses General and administrative expenses Total general and administrative expenses Total operating expenses