Required information Problem 14-3A Schedule of cost of goods manufactured and income statement; inventory analysis LO P2, A1 [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 supplies used. 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 Finished goods, December 31, 2019 Problem 14-3A Part 1 $ 31,400 10,600 10,000 32,000 Direct labor Income taxes expense Indirect labor Miscellaneous production costs 138,800 Office salaries expense 8,200 Raw materials purchases 34,000 Rent expense-Office space Rent expense-Selling space 168,800 184,000 Rent expense-Factory building Maintenance expense-Factory equipment 19,400 Sales 24,800 Sales salaries expense 169,500 141,300 $ 686,200 252,500 58,000 9,300 68,000| 970,000 24,000 29,600 76,500 37,000 4,615,700 393,800