Required information [The following information applies to the questions displayed below) The following information is taken from the December 31, 2019 year-end, adjusted trial balance and records of Reid, Lester, Hodge, and 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 materiala, December 31, 2019 Work in process, December 31, 2018 Work in process, December 31, 2019 Tinished goods, December 31, 2018 Finished goods, December 31, 2019 $ 32, 100 11,500 10.200 36,400 118,900 7,900 38,000 Direct labor Income taxes expense Indirect labor Miscellaneous production costs ortice salaries expense Raw materials purchases Rent expense-office space Rent expense-Selling space Rent expense-Pactory buildin Maintenance expense-Factory equipment Sales Sales salaries expense $ 690,800 257,900 55,200 10,300 67.000 972,000 22,000 29, 700 79,600 36.700 4,475,900 394,100 162,800 182,000 17,900 20.900 163,000 142,900 2. Prepare Reid, Lester, Hodge, and Leone's 2019 income statement. Note: the companyreports separate categqries for (a) selling expenses and (b) general and administrative expenses I FOF COMPANY 2. Prepare Reid, Lester, Hodge, and Leone's 2019 income statement. Note: the companyreports separate categories for (a) selling expenses and (b) general and administrative expenses. LEONE COMPANY Income Statement For Year Ended December 31, 2019 Cost of goods sold Goods available for sale Cost of goods sold Operating expenses Selling expenses Total selling expenses General and administrative expenses Total general and administrative expenses Total operating expenses