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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 $ 27,400 8,500 9,700 33,900 136,800 7,500 37,000 Advertising expenso 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 Direct labor Income taxes expense Indirect labor Miscellaneous production costs oft loe salaries expense Raw materiala purchasen Ront expense-Office space Rent expense-Selling space Rent expense-Factory building Maintenance expense-Factory equipment Sales Salos salaries expense $ 691,400 262,800 57,500 9,500 64,000 968,000 27,000 28,500 80,200 37,300 4,506,700 394,700 169,000 186,000 16,500 19,800 169,700 137,700 Required: 1. Prepare the company's 2019 schedule of cost of goods manufactured. LEONE COMPANY Schedule of Cost of Goods Manufactured For Year Ended December 31, 2019 Direct materials Raw materials available for use 0 Direct materials used $ 0 Factory overhead 0 Total factory overhead costs Total manufacturing costs 0 Total cost of work in process 0 Cost of goods manufactured $ 0 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 Cost of goods sold Goods available for sale Cost of goods sold 0 0 Operating expenses Selling expenses Total selling expenses General and administrative expenses 0 Total general and administrative expenses Total operating expenses Income before taxes 0 0 0 Net Income 0

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