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 $ 27,600 Direct labor 11,500 Income taxes expense 10,000 Indirect labor 39,708 Miscellaneous production costs 136,600 Office salaries expense 7,990 Raw materials purchases 41,000 Rent expense-office space Rent expense-Selling space 155,500 Rent expense-Factory building 184,000 Maintenance expense-Factory equipment 16,600 Sales 24,400 Sales salaries expense 168, 680 140, 100 $ 693,000 268, 100 55,800 9,688 75,000 998,000 27,000 29,600 79,800 38,880 4,566,900 397,400 2. Prepare the company's 2019 Income statement that reports separate categories for (a) selling expenses and (b) general and administrative expenses. 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 0 Operating expenses Selling expenses Total selling expenses General and administrative expenses