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 used 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 Finished goods, December 31, 2019 $ 33,700 Direct labor 10,400 Income taxes expense 9,600 Indirect labor 33,700 Miscellaneous production costs 135, 400 office salaries expense 8,300 Raw materials purchases 42,000 Rent expense-Office space Rent expense-Selling space 167,70 Rent expense Factory building 179,008 Maintenance expense-Factory equipment 18,100 Sales 21,680 Sales salaries expense 161,200 141,400 $ 695,500 247, See 56,900 9.500 60,000 960,000 29,000 25,900 82,280 36,500 4,685, 100 399, 300 LEONE COMPANY Schedule of Cost of Goods Manufactured For Year Ended December 31, 2019 Direct materials Raw materials available for use Direct materials used Factory overhead Total factory overhead costs Total manufacturing costs Total cost of work in process Cost of goods manufactured 2. Prepare the company's 2019 Income statement that reports separate categories for (a) selling expenses and (b) general and administrative expenses. LEOMECOMMY Income font For Year Ended December 31, 2010 Cost of goods sold Goods available for sale Cost of goods sold Operating expenses Selling expenses Total selling expenses General and administrative expen Total general and administrative conson Total porting expo Income before taxes Nat income