Required information [The following information applies to the questions displayed below.] The following calendar year-end information is taken from the December 31, 2019, adjusted trial balance and other records of Leone Company. Advertising expense $ 26,000 Direct labor $ 680 , 400 Depreciation expense Office equipment 7,900 Income taxes expense 275, 400 Depreciation expense-Selling equipment 9, 500 Indirect labor 57, 300 Depreciation expense-Factory equipment 35 , 600 Miscellaneous production costs 10,200 Factory supervision 104, 000 Office salaries expense 68, 000 Factory supplies used 9 , 300 Raw materials purchases 976, 000 Factory utilities 38 ,000 Rent expense-office space 23,000 Inventories Rent expense-Selling space 27,900 ices Raw materials, December 31, 2018 154, 200 Rent expense-Factory building 76, 300 Raw materials, December 31, 2019 175, 000 Maintenance expense-Factory equipment 39,000 Work in process, December 31, 2018 16, 400 Sales 4, 536, 800 Work in process, December 31, 2019 22, 100 Sales salaries expense 392, 800 Finished goods, December 31, 2018 168,000 Finished goods, December 31, 2019 138, 700 2. Prepare the company's 2019 income statement that reports separate categories for (a) selling expenses and (b) general and administrative expenses. LEONE COMPANY Income Statement