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 $ 32,000 Direct labor 9,700 Income taxes expense 10,900 Indirect labor $ 676,200 256,200 59,200 35,000 Miscellaneous production costs. 105,300 office salaries expense 9,600 Raw materials purchases 9,200 74,000 964,000 42,000 Rent expense-Office space 29,000 Rent expense-Selling space 29,300 154,800 Rent expense-Factory building 82,000 193,000 Maintenance expense-Factory equipment 36,500 17,900 Sales 4,566,700 19,900 Sales salaries expense 397,900 162,100 143,100 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 Direct materials used Factory overhead Problem 18-3A Part 2 2. Prepare the company's 2019 income statement that reports separate categories for (a) selling expenses and (b) ger administrative expenses. Cost of goods sold LEONE COMPANY Income Statement For Year Ended December 31, 2019 Goods available for sale Cost of goods sold Operating expenses Selling expenses Assessment Tool iFra