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 $ 38,000 17,000 Depreciation expense-Selling equipment 18,000 Depreciation expense-Factory equipment 60,000 Raw materials purchases (all direct materials) 700,000 Maintenance expense-Factory equipment 39,000 Factory utilities 35,000 Direct labor 440,000 66,000 40,000 24,000 58,000 139,000 334,000 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: $ 140,000 145,000 42,000 2,389,000 46,000 59,000 67,000 1. Prepare the schedule of cost of goods manufactured for the current year. 2. Prepare the current year income statement. unur aneware in the tahe hainw 52 es Required information. Prepare the schedule of cost of goods manufactured for the current year. LEONE COMPANY Schedule of Cost of Goods Manufactured For Year Ended December 31 Direct materials 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 < Previ 4 8+ of 5 Next > 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 Required 2 >