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 Depreciation expense-Office equipment Depreciation expense-Selling equipment Depreciation expense-Factory equipment Raw materials purchases (all direct materials) Maintenance expense-Factory equipment Factory utilities Direct labor Indirect labor Office salaries expense Rent expense-office space Rent expense-Selling space Rent expense-Factory building Sales salaries expense $ 35,000 14,000 15,000 57,000 670,000 38,100 34,400 428,000 64,000 38,000 23,000 55,000 132,000 317,000 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: $ 134,000 139,000 40,000 2,284,000 44,000 56,000 64,000 1. Prepare the schedule of cost of goods manufactured for the current year. 2. Prepare the current year income statement. 2 k t Required information Requity Prepare the schedule of cost of goods manufactured for the current year. Direct materials LEONE COMPANY Schedule of Cost of Goods Manufactured For Year Ended December 31 Raw materials available for use Direct materials used nces Factory overhead Total factory overhead. Total manufacturing costs Total cost of work in process Cost of goods manufactured S < Prev 8 of B Next Required information Required TEu; 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 nces < Required 1 Required 2 >