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 $ 32,000 Depreciation expenseOffice equipment 11,000 Depreciation expenseSelling equipment 12,000 Depreciation expenseFactory equipment 54,000 Raw materials purchases (all direct materials) 640,000 Maintenance expenseFactory equipment 37,200 Factory utilities 33,800 Direct labor 416,000 Indirect labor 62,000 Office salaries expense 37,000 Rent expenseOffice space 22,000 Rent expenseSelling space 53,000 Rent expenseFactory building 127,000 Sales salaries expense 305,000 Using the following additional information for Leone Company, complete the requirements below. Raw materials inventory, beginning $ 128,000 Raw materials inventory, ending 133,000 Work in process inventory, beginning 38,000 Sales 2,190,000 Work in process inventory, ending 42,000 Finished goods inventory, beginning 53,000 Finished goods inventory, ending 61,000 Required: 1. Prepare the schedule of cost of goods manufactured for the current year. 2. Prepare the current year income statement.

Required Information [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. Using the following additional Information for Leone Company, complete the requirements below. Requlred: 1. Prepare the schedule of cost of goods manufactured for the current year. 2. Prepare the current year Income statement. Complete this question by entering your answers in the tabs below. Prepare the schedule of cost of goods manufactured for the current year