Problem 14-3A (Algo) Schedule of cost of goods manufactured and income statement LO P1, P2

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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. 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. Required: 1. Prepare the schedule of cost of goods manufactured for the current year. 2. Prepare the current year income statement. \begin{tabular}{|l|l|l|} \hline \multicolumn{2}{|c|}{ Schedule of Cost of Goods Manufactured } \\ \hline Direct materials & & \\ \hline & & \\ \hline & & \\ \hline Raw materials available for use & & \\ \hline & & \\ \hline Direct materials used & & \\ \hline & & \\ \hline Factory overhead & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline \end{tabular} Prepare the current year income statement