Required information Problem 18-3A 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. $ 675,100 Advertising expense Depreciation expense-office equipment Depreciation expense-Selling equipment. Depreciation expense-Factory equipment Factory supervision Factory supplies used Factory utilities Inventories 26,900 8,900 Direct labor Income taxes expense Indirect labor 297,200 58,800 10,200 10,800 30,300 Miscellaneous production costs office salaries expense Raw materials purchases Rent expense-office space Rent expense-Selling space Rent expense-Factory building Maintenance expense-Factory equipment Sales Sales salaries expense 72,000 993,000 24,000 28,700 800, 141,600 9,200 35,000 Raw materials, December 31, 2018 156,300 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 188,000 38,000 16,500 20,700 169,600 4,547,000 392,700 139,700 Problem 18-3A Part 1 Required: 1. Prepare the company's 2019 schedule of cost of goods manufactured. LEONE COMPANY Schedule of Cost of Goods Manufactured For Year Ended December 31, 2019 Direct materials Raw materials available for use 0 Direct materials used 0 Factory overhead Total factory overhead costs Total cost of work in process 0 Cost of goods manufactured 0 Problem 18-3A Part 2 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 C Cost of goods sold 0 0 Operating expenses Selling expenses Total selling expenses General and administrative expenses Total general and administrative expenses C Total operating expenses C Income before taxes C Net income C