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 $ 33,400 Direct labor 8,900 10, 100 30,100 Income taxes expense Indirect labor Miscellaneous production costs 145,200 office salaries expense 9,300 Raw materials purchases 34,000 Rent expense-office space Rent expense-Selling space 154,800 Rent expense-Factory building Maintenance expense-Factory equipment 177,000 15,400 Sales 19,800 Sales salaries expense 168,200 136,100 $691,900 272,400 58,800 9,800 66,000 934,000 23,000 26,100 80,400 35,100 4,515,000 396,300 2. Prepare the company's 2019 income statement that reports separate categories for (a) selling expenses and (b) general and administrative expenses. 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 i 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 133,400 8,900 10,100 38,100 Direct labor Income taxes expense Indirect labor Hiscellaneous production costs 145,200 office cies expense 34,000 Rent expense-office space 154,000 entpense-Factory building 177,000 maintenance expense-factory equipment 15,400 Sales 19,000 Sales salaries expense 168,200 136,100 2. Prepare the company's 2019 income statement that reports separate categories for (a) selling expenses and (b) general and administrative expenses LEONE COMPANY Cost of goods sold Income Statement For Year Ended December 31, 2015 $691,900 272,400 58,000) 9,000 66,000 934,000 23,000 26,100 60,400 35,100 4,515,000 396,300