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 $ 59,000 Depreciation expense-Office equipment Depreciation expense-Selling equipment 38,000 39,000 Depreciation expense-Factory equipment 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 81,000 Raw materials purchases (all direct materials) 910,000 45,300 39,200 524,000 79,000 47,000 28,000 67,000 161,000 386,000 Prepare the schedule of cost of goods manufactured for the current year. LEONE COMPANY Schedule of Cost of Goods Manufactured Direct materials For Year Ended December 31 Raw materials available for use Direct materials used Factory overhead 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: $ 182,000 187,000 55,000 2,984,000 59,000 77,000 85,000 1. Prepare the schedule of cost of goods manufactured for the current year. 2. Prepare the current year income statement. Total factory overhead Total manufacturing costs Total cost of work in process Cost of goods manufactured Complete this question by entering your answers in the tabs below. Prepare the current year income statement. Cost of goods sold Goods available for sale. Cost of goods sold LEONE COMPANY Income Statement For Year Ended December 31