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 Depreciation expense office equipent Depreciation expense-Selling equipment Depreciation expense-Factory equipment Raw materials purchases (all direct materials) Maintenance expense-Factory equipment Factory utilities Direct labor Indirect labor Office salaries expenser Rent expense-Office space Rent expense-Selling space Rent expense-Factory building Sales salaries expense $ 33,000 12,000 13,000 55,000 650,000 37,500 34,000 420,000 63,000 38,600 23,000 $5,000 132,000 317,00 Using the following additional Information for Leone Company, complete the requirements below. Raw materials inventory, beginning ti materials inventory, ending Work in process inventory, beginning Sales Work in process inventory, endin Finished goods inventory, beginning Finished goods inventory, ending $ 130,000 135.000 39,000 2,239,000 43,000 55.000 63.000 Required: 1. Prepare the schedule of cost of goods manufactured for the current year, 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 Direct materials Raw materials available for use Direct materials used Factory overhead Prev 1 of 35 Schedule of Cost of Goods Manufactured For Year Ended December 31 Direct matenals Sk Raw materials available for use ht Direct materials used Factory overhead ences Total factory overhead Total manufacturing costs Total cost of work in process Cost of goods manufactured Required Required 2 > LEONE COMPANY Income Statement For Year Ended December 31 Cost of goods sold Goods available for sale Cost of goods sold