Prepare the schedule of cost of good manufactured on current year Prepare the current year income statement

_.._ ---.....,., u.v,u-u]\\,u uyrvvv.J The following year-end information is taken from the December 31 adjusted trial balance and other records of Leone Company Advertising expense $ 60,000 Depreciation expenseOffice equipment 39,000 Depreciation expenseSelling equipment 40,000 Depreciation expensenFactory equipment 82,000 Raw materials purchases (all direct materials) 920,000 Maintenance expenseFactory equipment 45,600 Factory utilities 39,400 Direct labor 528,000 Indirect labor 79,000 Office salaries expense 47,000 Rent expense-Office space 28,000 Rent expenseSelling space 67,000 Rent expenseFactory building 161,000 Sales salaries expense 386,000 Using the following additionalinformation for Leone Company, complete the requirements below. Raw materials inventory, beginning $ 184,000 Raw materials inventory, ending 189,000 Work in process inventory, beginning 55,000 Sales 3,006,000 Work in process inventory, ending 59,000 Finished goods inventory, beginning 77,000 Finished goods inventory, ending 85,000 Requhed: 1. Prepare the schedule of cost of goods manufactured for the current year. 2. Prepare the current year income statement. .. . . .. u , ,.-,,i I... ___:._..l_... .._.... ns-an- In l-kn bah: hall\