Required information Skip to question $[$The following information applies to the questions displayed below.$]$ The following year$-$end information is taken from the December $31$ adjusted trial balance and other records of Leone Company. Advertising expense $ $28,750$ Depreciation expense$$Office equipment $7,250$ Depreciation expense$$Selling equipment $8,600$ Depreciation expense$$Factory equipment $49,325$ Raw materials purchases $($all direct materials$)925,000$ Maintenance expense$$Factory equipment $35,400$ Factory utilities $33,000$ Direct labor $675,480$ Indirect labor $159,475$ Office salaries expense $63,000$ Rent expense$$Office space $22,000$ Rent expense$$Selling space $26,100$ Rent expense$$Factory building $76,800$ Sales salaries expense $392,560$ Using the following additional information for Leone Company, complete the requirements below. Raw materials inventory, beginning $ $166,850$ Raw materials inventory, ending $182,000$ Work in process inventory, beginning $15,700$ Sales $4,462,500$ Work in process inventory, ending $19,380$ Finished goods inventory, beginning $167,350$ Finished goods inventory, ending $136,490$ Required: Prepare the schedule of cost of goods manufactured for the current year. Prepare the current year income statement.