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! Required information [The following information applies to the questions displayed below.] The following year-end information is taken from the December 31 adjusted trial

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! 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. Advertising expense Depreciation expense-Office equipment Depreciation expense-Selling equipment Depreciation expense-Factory equipment Raw materials purchases (all direct materials) Maintenance expense-Factory equipment Factory utilities Direct labor Indirect labor Office salaries expense Rent expense-Office space Rent expense-Selling space Rent expense-Factory building Sales salaries expense $ 41,000 20,000 21,000 63,000 730,000 39,900 35,600 452,000 68,000 41,000 25,000 60,000 144,000 346,000 Using the following additional information for Leone Company, complete the requirements below. Raw materials inventory, beginning Raw materials inventory, ending Work in process inventory, beginning Sales Work in process inventory, ending Finished goods inventory, beginning Finished goods inventory, ending Required: $ 146,000 151,000 44,000 2,483,000 48,000 62,000 70,000 1. Prepare the schedule of cost of goods manufactured for the current year. 2. Prepare the current year income statement.

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