Required: 1. Prepare the schedule of cost of goods manufactured for the current year. 2. Prepare the current year income statement.

Required information The following informetion applies to the questions displayed below) The following year-end information is taken from the December 31 adjusted tre blance and other records of Leone Company Advarsing experts 5.57.100 Depreciation and office equipment 35,00 Depreciation Selling equipment 37,200 Depreciation expense Factory equipment 19,00 purchases all director als) 220,220 experieactory equipment 44,00 Factory utilities 38, sus Labor office salaries Pant penise Office Space 45,000 28,00 Rent aporse-Selling 57,ace Rent expense Factory buliding 16,20 Sales salaries expense 385,000 director Swed Using the following additional Information for Leone Company complete the requirements below. Rawsterlals inventory, beginning $ 175,00 Raw materials inventory, ending 183,ace Work in process Entry, beginning 53,ace 2.935, work in process Entry, and 57,00 Finished goods inventory, beginning 14. Finished pouds Inventory, ending Required: 1. Prepare the schedule of cont of goods manufactures for the current yes 2. Presre the current year Income ststement Complete this question by entering your answers in the tabs below. Required 1 Dret 2 Prepare the schedule of cost of coods manufactured for the current year LEONE COMPANY Schedule of Coct of Good Manufactured For Year Ended December 31 Direct materials Raw materials inventory beginning 15 178.000 Ra materials purchase 890.000 1,068.000 183.000 $ 886.000 315.000 Raw materials available for LASS Raw materials inventory, ending Direct strike Direct labor Factory overhead Indred labor Factory Maintenance X Factory.ipment Dopron pense Factory met Rent expense Factory building 77.000 380 000 44700 79000 151.000 Total factory overhead Total mantening costs cod: Work in process invory beaning Total cost of work in pro Less Work in prostory, ending Cost of goods manufactured 749700 2.150 700 63.000 2,203.700 57,000 $ 2.145.700 Required 2 > 2 Prepare the current yesr Income 2.stement Complete this question by entering your answers in the tabs below. Required 1 qured 2 Prepare the current year income statement. LEONE COMPANY Income Statement For Year Ended December 31 Cost of goods sold Goods avaible for sale Cestof goods sold 0