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 $ 29,800 10.900 10,000 32,400 115,800 8,300 37.000 Advertising expense Depreciation expense-office equipment Depreciation expense-selling equipment Depreciation expense-Factory equipment Factory supervision Tactory supplies weed Factory utilities Tnventories Raw materiala, December 31, 2018 Raw materials, December 31, 2019 Work in process, December 31, 2018 Work in process, December 31, 2015 Tinished goods, December 31, 2018 Finished goods, December 31, 2019 Direct labor Income taxes expense Indirect labor Miscellaneous production conta offiee salaries expense Raw materials purchasen Rent expense-office space Rent expense-selling space Rent expense-Factory building Maintenance expense-factory equipment Sales Sales salaries expense $ 678,700 291,700 57,900 11,100 72,000 972,000 23,000 26,400 79,500 37.00 4,616,000 399,800 155,800 194,000 17.200 19.300 165,600 138,000 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 Far Year Ended December 31, 2018 Cost of goods sold Goods available for sale 0 Cost of goods sold 0 0 Operating expenses Selling expenses 0 Total seling expenses General and administrative expenses 0 0 Total general and administrative expenses Total operating expenses Income before aces 0 $ 0 Net income