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O 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
O 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 wupplies und 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 Tinished goods, December 31, 2019 $ 32,500 Direct labor 8.000 Income taxes expense 10.100 Indirect labor 33,700 Miscellaneous production conta 109,000 office salaries expense 9.800 Raw materials purchases 31,000 Hent expense-office space Rent expense-Selling space 161,700 Rent expense-Factory building 191.000 Maintenance expense-Factory equipment 19,100 Sales 20.00 Sales salaries expense 169,000 143,800 $ 677,300 248,400 56,3001 9.200 62,000 956,000 25,000 27,200 78,600 38,900 4,485,100 396,200 Required: 1. Prepare the company's 2019 schedule of cost of goods manufactured. LEONE COMPANY Schedule of Cost of Goods Manufactured For Year Ended December 31, 2019 Direct materials Raw materials available for use 0 Direct materials used $ 0 Factory overhead 0 Total factory overhead costs Total manufacturing costs 0 Total cost of work in process 0 Cost of goods manufactured $ 0 2. Prepare the company's 2019 income statement that reports separate categories for (o) 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 0 Cost of goods sold 0 0 Operating expenses Selling expenses 0 Total selling expenses General and administrative expenses 0 0 Total general and administrative expenses Total operating expenses Income before taxes 0 $ 0 Net income
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