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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

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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 $ 27,400 Direct labor 9.600 Income taxes expense 9,600 Indirect labor 36,100 Miscellaneous production costs 113,800 office salaries expense 8,200 Raw materials purchases 41,000 Rent expense-office space Rent expense-Selling space 168,100 Rent expense-Factory building 188,000 Maintenance expense-Factory equipment 17,400 Sales 22,400 Sales salaries expense 165,900 144,480 $ 683,800 283,000 58,400 10,800 64,000 972,000 22,000 29,100 32,900 39,400 4,596,100 394,700 2. Prepare the company's 2019 income statement that reports separate categories for (a) selling expenses and (b) general and administrative expenses

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