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 $ 31,700 Direct labor $ 692,000 9,900 Income taxes expense 242,100 9,800 Indirect labor 57,900 30,800 Miscellaneous production costs 10,600 140,100 Office salaries expense 66,000 7,600 Raw materials purchases 947,000 44,000 Rent expense-Office space 25,000 Rent expense-Selling space 27,800 166,400 Rent expense-Factory building 77,100 188,000 Maintenance expense-Factory 38,400 equipment 18,400 Sales 4,566,100 21,300 Sales salaries expense 391,000 165,800 138,400 Required: 1. Prepare the company's 2019 schedule of cost of goods manufactured. LEONE COMPANY Schedule of Cost of Goods Manufactured For Year Ended December 31, 2019 Direct materials Raw materials available for use Direct materials used Factory overhead 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 Total selling expenses General and administrative expenses Total general and administrative expenses Total operating expenses Income before taxes Net income