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 $ 37,000 16,000 17,000 59,000 Raw materials purchases (all direct materials) 690,000 38,700 Factory utilities 34,800 Direct labor 436,000 Maintenance expense-Factory equipment Indirect labor Office salaries expense Rent expense-office space Rent expense-Selling space Rent expense-Factory building Sales salaries expense 65,000 39,000 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: $ 138,000 143,000 41,000 2,331,000 45,000 57,000 65,000 1. Prepare the schedule of cost of goods manufactured for the current year. 2. Prepare the current year income statement.