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 $ 28,750 Depreciation expense-office equipment 7,250 Depreciation expense-selling equipment 8,600 Depreciation expense-Factory equipment 49,325 Raw materials purchases (all direct materials) 925,000 Maintenance expense-Factory equipment 35,400 Factory utilities 33,000 Direct labor 675,480 Indirect labor 159,475 ottice salaries expense 63.000 Hent expense-office space 22,000 Rent expense-selling space 26,100 Rent expense-Factory building 76,800 Sales salaries expense 392,560 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 5 166,850 182,000 15.700 Using the following additional information for Leone Company, complete the requirements below. Raw materials inventory, beginning $ 166,850 Raw materials inventory, ending 182,000 Work in process inventory, beginning 15,700 Sales 4,462,500 Work in process inventory, ending 19,380 Finished goods inventory, beginning 167,350 Finished goods inventory, ending 136,490 Required: 1. Prepare the schedule of cost of goods manufactured for the current year. 2. Prepare the current year income statement. Complete this question by entering your answers in the tabs below. 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 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 0 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 0 0