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Required information [The following information applies to the questions displayed below) The following calendar year-end information is taken from the December 31, 2019, adjusted trial

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Required information [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 saterials, 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 $ 34,409 Direct labor 7,669 Income taxes expense 10,509 Indirect labor 37,820 Miscellaneous production costs 145,380 Office salaries expense 9,000 Raw materials purchases 37,000 Rent expense-office space Rent expense-selling space 156,900 Rent expense-Factory building 176,000 Maintenance expense-Factory equipment 15,600 Sales 20,300 Sales salaries expense 167,000 138,800 $ 680,100 269,500 55,400 11,800 67,000 994,000 25,000 28.100 77,300 39,100 4,445,600 394,400 Required: 1. Prepare the company's 2019 schedule of cost of goods manufactured Required information Direct materials Raw materials available for use Direct materials used Factory overhead TITUT Total factory overhead costs Total manufacturina costs Total factory overhead costs Total manufacturing costs Total cost of work in process Cost of goods manufactured 2. Prepare the company's 2019 income statement that reports separate categories for (a) selling expenses and (b) general and administrative expenses. LEONE COMPANY Income Statement For Year Ended December 31, 2019 Cost of goods sold Goods available for sale Cost of goods sold Operating expenses Selling expenses

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