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 $ 33,000 12,000 13,000 55,000 650,000 37,500 34,000 420,000 63,000 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: $ 130,000 135,000 39,000 2,239,000 43,000 55,000 63,000 1. Prepare the schedule of cost of goods manufactured for the current year. 2. Prepare the current year income statement. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the current year income statement. LEONE COMPANY Income Statement For Year Ended December 31 Sales $ 2,239,000 Cost of goods sold Cost of goods manufactured $ 1,382,500 Finished goods inventory, beginning 55,000 Goods available for sale 1,437,500 Less: Finished goods inventory, ending Cost of goods sold Gross profit Selling expenses Supplies expense Net income 000 0 63,000 1,374,500 884,500 Required 1 $ 864,500 Required 2 >