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 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 s 33.300 Direct labor 8.200 Income taxed expense 10,600 Indirect labor 39, 900 Miscellaneous production costs 143,600 Office salaries expense 8,200 Raw materials purchases 39,000 Rent expense office space Rent expense Selling space 155,400 Rent expense Factory building 181,000 Maintenance expense Factory equipment 16,400 Sales 19,400 Salon salaries expense 161,000 135,600 $ 675,300 280, 300 59.900 9,800 69,000 963,000 29,000 25,600 82,700 35,000 4,455,500 391,000 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 Total selling expenses General and administrative expenses Total general and administrative expenses Total operating expenses Income before taxes Net income