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 Depreciation expense-Office equipment Depreciation expense-Selling equipment Depreciation expense-Factory equipment Factory supervision Factory supplies und Factory utilities Inventories Raw materials, December 31, 2018 Raw materials, December 31, 2019 Work in process, December 31, 2018 Work in process, December 31, 2019 Finished goods, December 31, 2018 Tinished goods, December 31, 2019 $ 31,600 Direct labor 10,400 Income taxes expense 10,100 Indirect labor 35,400 Miscellaneous production costs 138,000 Office salaries expense 9,500 Raw materials purchases 41,000 Rent expense-office space Rent expenselling space 169,400 Rent expense-ractory building 188,000 Maintenance expense-ractory equipment 17,800 Sales 24,600 Sales salaries expense 165,800 136,800 $ 681,200 281,100 58,500 11,500 68,000 948.000 25,000 20,400 77,5001 38,600 4,466,100 397.700 2. Prepare the company's 2019 income statement that reports separate categories for (a) selling expenses and (b) general and administrative expenses. Required information LEONE COMPANY Income Statement For Year Ended December 31, 2019 Cost of goods sold Goods available for sale Cost of goods sold O Operating expenses Selling expenses 0 Total selling expenses General and administrative expenses ni 0 Required information Upoi allig wapens Selling expenses 0 Total selling expenses General and administrative expenses 0 Total general and administrative expenses Total operating expenses Income before taxes 0 0 Net income $ LA