Requieu IIITORIALIUI [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 $ 33,900 Direct labor $ 676,300 Depreciation expense-Office equipment 8,700 Income taxes expense 298,700 Depreciation expense-Selling equipment 9,600 Indirect labor 59,800 Depreciation expense-Factory Miscellaneous production equipment 39,100 costs 10,500 Factory supervision 136,000 Office salaries expense 67,000 Factory supplies used 9,100 Raw materials purchases 956,000 Factory utilities 30,000 Rent expense-Office space 27,000 Inventories Rent expense-Selling space 29, 200 Raw materials, December Rent expense-Factory 31, 2018 153,800 building 76,800 Raw materials, December Maintenance expense-Factory 31, 2019 182,000 equipment 36,500 Work in process, December 31, 2018 19,900 Sales 4,546,200 Work in process, December 22,200 Sales salaries expense 31, 2019 391,900 Finished goods, December 163,400 31, 2018 Finished goods, December 141,400 31, 2019 2. Prepare the company's 2019 income statement that reports 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 es Cost of goods sold Operating expenses Selling expenses Total selling expenses General and administrative expenses Total general and administrative expenses Total operating expenses Income before taxes Net income