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 $ 29,200 Direct labor 7.700 Theone taxes expense 10,200 Indirect labor 30,200 Miscellaneous production costs 128,700 office salaries expense 7.700 Raw materiala purchases 39,000 Rent expense-office space Rent expenseselling space 161,000 Rent expense Factory building 188,000 Maintenance expense-Factory equipment 19,900 Sales 22,600 Sales salaries expense 166,000 144,600 $692,800 281,100 59,500 9.300 70,000 973,000 28,000 29,000 77,200 39,600 4,636,900 392,000 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 For Year Ended December 31, 2019 2. Prepare the company's 2019 income statement that reports separate categories for (a) selling exp administrative expenses. LEONE COMPANY Income Statement For Year Ended December 31, 2019 Sales Cost of goods sold Finished goods inventory, December 31, 2018 1 $ Cost of goods manufactured 4,636,900 166,000 166,000 144,600 4,615,500 Goods available for sale Less: Finished goods inventory, December 31, 2019 Cost of goods sold Gross profit from sales Operating expenses Selling expenses Advertising expense Depreciation expense-Selling equipment Rent expense-Selling space Sales salaries expense 29.200 10,200 29,000 392,000 Total selling expenses 400.400 newconnect. me Chapter 14 Homework Saved mework i IVAD VISOS Required information Advertising expense Depreciation expense-Selling equipment Rent expense Selling space Sales salaries expense 29.2001 10,200 29,000 392,000 460,400 Total selling expenses General and administrative expenses Depreciation expense Office equipment Office salaries expense Rent expense-Office space A 7,700 70,000 28,000) Total general and administrative expenses Total operating expenses Income before taxes Income taxes expense Net incohe 105,700 566,100 4,049.400 281,100 3,758,300 $