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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

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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 $ 28,750 Depreciation expense-Office equipment 7,250 Depreciation expense-Selling equipment 8,600 Depreciation expense-Factory equipment 49,325 Raw materials purchases (all direct materials) 925,000 Maintenance expense-Factory equipment Factory utilities 35,400 33,000 Direct labor 675,480 Indirect labor office salaries expense Rent expense-Office space Rent expense-Selling space Rent expense-Factory building Sales salaries expense 159,475 63,000 22,000 26,100 76,800 392,560

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