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. 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 $ 28,900 Direct labor 10,700 Income taxes expense 10,900 38,300 Indirect labor Miscellaneous production costs 134,200 Office salaries expense 7,700 Raw materials purchases 31,000 Rent expense-Office space Rent expense-Selling space 190,000 162,000 Rent expense-Factory building Maintenance expense-Factory equipment 16,800 Sales 22,300 Sales salaries expense 168,200 140,200 $ 697,700 256,400 58,700 10,400 62,000 | 998,000 28,000 25,300 80,800 | 36,300 4,455,200 394,800 Required information Schedule of Cost of Goods Manufactured For Year Ended December 31, 2019 Direct materials Raw materials available for use Direct materials used Factory overhead Total factory overhead costs Total manufacturing costs Total cost of work in process Cost of goods manufactured 0 $ 0 0 0 0 $ 0 2. Prepare the company's 2019 income statement that reports separate categories for (a) selling expenses and (b) general and administrative expenses. Cost of goods sold Goods available for sale Cost of goods sold Operating expenses Selling expenses LEONE COMPANY Income Statement For Year Ended December 31, 2019 Total selling expenses General and administrative expenses 0 0 0 0 General and administrative expenses Total general and administrative expenses Total operating expenses Income before taxes Net income $ EA 0 0 0 0