Required information [The following information applies to the questions displayed below] The following year-end information is taken from the December 31 adjusted trial balance and other records of Leone Company. Advertising expense $ 41,000 Depreciation expense-Office equipment 20,000 Depreciation expense-Selling equipment 21,000 Depreciation expense-Factory equipment 63,000 Raw materials purchases (all direct materials) 730,000 Maintenance expense-Factory equipment Factory utilities 39,900 35,600 Direct labor 452,000 68,000 41,000 25,000 60,000 144,000 346,000 Indirect labor office salaries expense Rent expense-Office space Rent expense-Selling space Rent expense-Factory building Sales salaries expense Using the following additional information for Leone Company, complete the requirements below. Raw materials inventory, beginning Raw materials inventory, ending Work in process inventory, beginning Sales work in process inventory, ending Finished goods inventory, beginning Finished goods inventory, ending Required: $146,000 151,000 44,000 2,483,000 48,000 62,000 70,000 1. Prepare the schedule of cost of goods manufactured for the current year. 2. Prepare the current year income statement. Required information Required 1 Required 2 Prepare the schedule of cost of goods manufactured for the current year. k Direct materials LEONE COMPANY Schedule of Cost of Goods Manufactured For Year Ended December 31 nces Raw materials available for use Direct materials used Factory overhead Total factory overhead Total manufacturing costs Total cost of work in process Cost of goods manufactured Required 2 > Required information Required 1 Required 2 Prepare the current year income statement. Cost of goods sold LEONE COMPANY Income Statement For Year Ended December 31 Goods available for sale Cost of goods sold < Required 1