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 $ 30,100 Direct labor 11,900 Income taxes expense 10,500 Indirect labor 31,200 Miscellaneous production costs 144,600 office salaries expense 8,100 Raw materiale purchases 33,000 Rent expense of ice space Rent expense-Selling space 162,500 Rent expensoFactory building 186,000 Maintenance expense-factory equipment 16,300 Sales 24,100 Sales salaries expense 163,400 141,300 $ 676,200 281,700 58,500 10,800 64,000 937.000 21,000 29,000 77.900 38,400 4.466,500 391,100 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 Ann- - - Required information 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 Required information Total selling expenses General and administrative expenses Total general and administrative expenses Total operating expenses Income before taxes Net income