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 $ 64,999 Depreciation expenseOffice equipment 43,999 Depreciation expenseSelling equipment 44,999 Depreciation expenseFactory equipment 86,999 Raw materials purchases [all direct materials) 969,999 Maintenance expenseFactory equipment 46,899 Factory utilities 49,299 Direct labor 544,999 Indirect labor 82,999 Office salaries expense 49,999 Rent expenseOffice space 29,999 Rent expenseSelling space 39,999 Rent expenseFactory building 168,999 Sales salaries expense 493,999 Using the following additional information for Leone Company. complete the requirements below. Raw materials inventory, beginning $ 192,999 Raw materials inventory, ending 197,999 work in process inventory, beginning 58,999 Sales 3,134,999 work in process inventory, ending 62,999 Finished goods inventory, beginning 81,999 Finished goods inventory, ending 89,999 Required 1 Required 2 Prepare the current year income statement. LEONE COMPANY Income Statement For Year Ended December 31 Cost of goods sold Goods available for sale 0 Cost of goods sold 0 Required 1 Required 2 Prepare the schedule of cost of goods manufactured for the current year. LEONE COMPANY Schedule of Cost of Goods Manufactured For Year Ended December 31 Direct materials Raw materials available for use 0 Direct materials used Factory overhead Total factory overhead C Total manufacturing costs 0 Total cost of work in process Cost of goods manufactured 0